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Solana

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3iQ Digital Asset Management has submitted an initial prospectus for The Solana Fund (QSOL) to Canadian securities authorities, with the exception of Quebec.  
If authorized, QSOL will become the inaugural exchange-traded product (ETP) for <a href="https://optimisus.com/news/crypto-news/solana-expelled-validators-for-manipulating-transactions-to-cheat-retail-traders/" rel="noopener noreferrer nofollow">Solana (SOL)</a> in North America. It will be listed on the Toronto Stock Exchange (TSX) with the ticker symbol "QSOL." This action is a noteworthy achievement for 3iQ, renowned for introducing the initial openly traded Bitcoin and Ether funds in Canada.  
QSOL seeks to provide investors with exposure to the price fluctuations of SOL in US dollars and presents an opportunity for long-term appreciation of capital. The fund will utilize staking profits derived from the Solana network, projected to range from 6% to 8%.  
Greg Benhaim, the Executive Vice President of 3iQ, emphasized the company's dedication to both innovation and adherence to regulatory requirements.  
The company has formed a partnership with Canaccord Genuity to serve as the agent for the offering, while Tetra Trust and Coinbase Custody Trust Company, LLC will fulfill the role of custodians.  
The purpose of the fund is to provide a regulated investment option for both individual and institutional investors.  
3iQ's announcement emphasizes its dedication to leading the way in digital asset investment solutions and its ability to have a substantial impact on the investment landscape in North America by providing a fresh approach to investing in Solana.

3iQ Digital Asset Management is set to launch North America’s first Solana ETP

Optimisus

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