Canadian asset manager 3iQ has announced it filed a proposal with the Ontario Securities Commission to launch an Exchange-Traded Product (ETP), on the Toronto Stock Exchange.
If the approval is granted, this fund would be the first Solana ETP publicly traded in North America.
The 3iQ files prospectus for the Solana Fund QSOL
3iQ Corp. posted on X a message dated June 20th announcing the submission of a prospectus preliminary for The Solana Fund QSOL in Canada, in connection with an initial offering.
3iQ Corp. has the pleasure of announcing that we submitted a prospectus preliminary for The Solana Fund in Canada, in relation to a first public offering.
This continues our track record of innovation, and if receipt of applicable regulatory approvals is obtained, the… pic.twitter.com/7ghv05f8gU
— 3iQ Digital Asset Management (@3iq_corp) June 20, 2024
If the Ontario Securities Commission approves the Solana Fund, it will be traded under the ticker code QSOL. It is intended to give investors exposure to SOL. The fund also aims to provide investors with opportunities for capital appreciation over the long term and yields generated from the Solana Network.
“3iQ seeks to set a global standard of excellence and we’re proud to work closely with the OSC to responsibly enhance the digital asset investment landscape in Canada,” said In a 3iQ press release, Greg Benhaim is Executive Vice President and Head of Trade at the company.
3iQ, as the portfolio and investment manager for QSOL will be responsible for the operations of the fund. Canaccord Genuity is the agent, while Tetra Trust, Coinbase Custody Trust Company LLC and Coinbase Custody Trust Company LLC are custodians. Coinbase Custody’s institutional stake infrastructure will support SOL in the Solana Fund.
Bitcoin and Ether Funds by 3iQ
3iQ, founded in 2012, has quickly established itself as a leading global digital asset fund manager, providing investors with a familiar and convenient way to get exposure to digital assets.
The company introduced The Bitcoin Fund QBTC and The Ether Fund QETH were the pioneering funds to be publicly traded in Canada. QETH, along with the 3iQ ETF for Ether Staking (ETHQ), were also the first ETPs to be launched in North America. incorporate They can incorporate Ether (ETH), staking, into their investment strategy.
“As pioneers in digital asset investment management, we look forward to continuing our mission to deliver regulated investment vehicles — embodying the highest standards and working with best-in-class partners — for individual and institutional investors to efficiently access the crypto asset class,” In its latest press release, 3iQ highlights the importance of 3iQ.
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Source: cryptopotato.com