Canadian digital asset manager 3iQ files preliminary prospectus for first Solana ETP: With Bitcoin and Ethereum spot exchange-traded funds (ETFs) already listed, Solana could be the next fund to fit the bill for the Toronto-based crypto fund.
Digital asset fund manager 3iQ has filed for a Solana (SOL) exchange-traded product (ETP) with the Toronto Stock Exchange (TSE). The company has filed a preliminary prospectus for the fund, dubbed “QSOL.”
If the fund receives regulatory approval, it would be the first SOL ETP to be listed in North America, the company wrote.
ETB is a broad term that encompasses a variety of financial products that are listed and traded on exchanges. ETPs mainly include the following types:
ETFs (Exchange Traded Funds): hold a basket of assets (such as stocks, bonds, commodities, etc.) and are traded on a stock exchange.
ETNs (Exchange Traded Notes): unsecured debt instruments issued by financial institutions with returns based on the performance of a specific index or asset.
ETCs (Exchange Traded Commodities): invest exclusively in a single commodity or basket of commodities and can hold actual commodities or be based on futures contracts.
