3iQ seeks first solana ETF in North America
Canadian investment fund manager 3iQ has filed a preliminary prospectus for a Solana ETF under the ticker QSOL, aiming to be the first Solana exchange product to be listed in North America.
If approved, QSOL will list on the Toronto Stock Exchange, offering investors exposure to SOL prices and incorporate staking performance to earn additional income.
3iQ will act as investment manager and portfolio manager for QSOL. The offering agent is Canaccord Genuity, with Tetra Trust and Coinbase Custody Trust Company acting as custodians. Coinbase Custody's institutional staking infrastructure will also be used to support SOL staking.
Seen as Ethereum's top contender, the Solana network has seen impressive growth over the past year and, consequently, SOL has been one of the best performers in terms of price performance, rising 700% since this time last year.
If we see the approval of an ethereum spot ETF by the SEC in the US this summer, solana is considered to be a top contender to be the next US listed spot ETF.
