3iQ files for new ETP in Canada

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Digital asset supervisor 3iQ has filed for a Solana (SOL) exchange-traded product itemizing on Canada’s Toronto Inventory Alternate (TSE) — and it seeks to incorporate staking.

“We have now submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an preliminary public providing,” 3iQ posted to X on June 20.

If permitted, it might be the primary Solana ETP listed in North America, the agency famous.

Supply: 3iQ Digital Asset Administration

QSOL was filed on a preliminary prospectus with securities regulatory authorities in all Canadian provinces and territories besides Quebec, 3iQ noted.

QSOL would supply “publicity to the digital forex SOL” and the “every day worth actions of the U.S. greenback worth SOL.”

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As well as, QSOL holders might accrue curiosity from native SOL staking yields.

The agency famous that staking yields presently vary between 6-8%.

Coinbase Custody and Tetra Belief would function custodians whereas Coinbase Custody would offer the institutional staking infrastructure wanted to Solana staking for QSOL.

The Canadian agency can be behind The Bitcoin Fund (QBTC), The Ether Fund (QETH), the 3iQ Bitcoin ETF (BTCQ) and the 3iQ Ether Staking ETF (ETHQ) on the TSE.

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