A First for Solana: The Giant Company's Application Excited Investors!

Canadian asset manager 3iQ has moved to launch Canada's first Solana ETP.

3iQ announced on June 20 that it has filed a prospectus with the Ontario Securities Commission to launch North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).

3iQ was one of the first fund managers to launch a publicly traded Bitcoin fund, as well as an Ethereum fund in Toronto.

The company's Vice President of Product and Head of Commerce, Greg Benhaim, made the following statement on the subject:

3iQ strives to set a global standard of excellence and we are proud to work closely with the OSC to responsibly advance the digital asset investment landscape in Canada.

Our aim is to push the limits

Speaking to CoinDesk Global, the company's Strategic Advisor, Christopher Matta, noted that this step taken through Solana ETPs aims to push the limits:

Our goal is to continue to push boundaries and maintain Canada as a hub of innovation. Solana ETP will feature staking similar to our Ether ETPs, allowing us to transfer returns to investors.