Benzinga – In a groundbreaking move, investment fund manager 3iQ Corp has announced plans to launch North America’s first Solana (CRYPTO: SOL)-based exchange-traded product (ETP) in Canada.
What Happened: Toronto-based 3iQ said it filed a preliminary prospectus with the regulatory authorities in all of the provinces and territories of Canada.
Planning to launch the digital asset fund under the ticker QSOL, the company said that the aim was to give investors exposure to SOL’s daily price movements, help in long-term capital appreciation, and reward them with staking yields.
3iQ Corp. is pleased to announce that we have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering.
This continues our track record of innovation, and if receipt of applicable regulatory approvals is obtained, the… pic.twitter.com/7ghv05f8gU
