๐Ÿš€๐ŸŽ‰Canadian asset manager 3iQ is making waves in the crypto world! They've just filed a prospectus with the Ontario Securities Commission (OSC) to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). If approved, this will be the first publicly traded Solana ETP in North America! ๐ŸŒŽ๐Ÿ”ฅ

3iQ Corp. announced the submission of a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering. The Solana Fund is designed to provide investors with exposure to SOL, offering opportunities for long-term capital appreciation and staking yield generated by the Solana network. ๐Ÿ“ˆ๐Ÿ’ฐ

Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, expressed their commitment to setting a global standard of excellence and enhancing the digital asset investment landscape in Canada. ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‘

3iQ, as the investment manager and portfolio manager of QSOL, will oversee the fundโ€™s operations. Canaccord Genuity is the agent for the offering, with Tetra Trust and Coinbase Custody Trust Company, LLC, serving as custodians. Coinbase Custodyโ€™s institutional staking infrastructure will be used to support SOL staking in the Solana Fund. ๐Ÿฆ๐Ÿ”

3iQ, established in 2012, is a leading digital asset investment fund manager. They introduced the Bitcoin Fund (QBTC) and The Ether Fund (QETH), pioneering the first publicly traded Bitcoin and Ether funds in Canada. They continue their mission to deliver regulated investment vehicles for individual and institutional investors to efficiently access the crypto asset class. ๐Ÿš€๐ŸŒ

Stay tuned for more exciting updates from the crypto world! ๐ŸŽ‰๐Ÿ‘€