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Summary
3iQ has applied to list The Solana Fund (QSOL) on the Toronto Stock Exchange, potentially the first Solana exchange-traded product in North America. The fund would offer holders the opportunity to earn interest on native SOL staking yields.
Introduction
3iQ has made a groundbreaking move by seeking approval to list The Solana Fund on the Toronto Stock Exchange in Canada. This initiative aims to provide investors with exposure to Solana and the potential to earn interest through staking.
Main Points
- 3iQ applied to list The Solana Fund on the Toronto Stock Exchange, marking a significant development in the digital asset market.
- The Solana ETP would be the first of its kind in North America, offering investors the opportunity to earn interest on native SOL staking yields of 6-8%.
- The fund would be safeguarded by Coinbase Custody and Tetra Trust, providing secure storage and institutional staking infrastructure.
- 3iQ’s other cryptocurrency products, such as the 3iQ Bitcoin ETF and 3iQ Ether Staking ETF, have seen substantial net assets, indicating a strong market presence.
Conclusion
The potential listing of The Solana Fund on the Toronto Stock Exchange demonstrates the growing interest in digital assets and innovative investment opportunities. With the backing of reputable partners like Coinbase Custody and Tetra Trust, the fund aims to provide a secure and profitable avenue for investors looking to engage with Solana.
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