3iQ Files Prospectus for North America’s First Solana ETP

Canadian asset manager 3iQ announced that it has filed a prospectus with the Ontario Securities Commission (OSC) to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).

If approved, the fund will be the first publicly traded Solana ETP in North America.

3iQ Files Prospectus for Solana Fund (QSOL)

In a June 20 post on X, 3iQ Corp. announced the filing of a prospectus for the Solana Fund (QSOL) in Canada in connection with an initial public offering.

3iQ Corp. is pleased to announce that we have filed a preliminary prospectus for the Solana Fund (QSOL) in Canada in connection with an initial public offering.

This continues our strong track record of innovation and, if applicable regulatory approvals are obtained,… pic.twitter.com/7ghv05f8gU

— 3iQ Digital Asset Management (@3iq_corp) June 20, 2024

If approved by the Ontario Securities Commission (OSC), the Solana Fund will trade under the ticker QSOL and is designed to provide investors with exposure to SOL. In addition, the fund aims to provide opportunities for long-term capital appreciation and share returns generated by the Solana network.

“3iQ seeks to set a global standard of excellence and we are proud to work closely with the OSC to responsibly advance Canada’s digital asset investment landscape.” He said Greg Benheim, executive vice president of product and head of commerce at 3iQ, said in a press release.

As QSOL's investment manager and portfolio manager, 3iQ will oversee the fund's operations. The offering agent is Canaccord Genuity, with Tetra Trust and Coinbase Custody Trust Company, LLC acting as trustees. Additionally, Coinbase Custody's institutional infrastructure will be used to support SOL in the Solana Fund.

3iQ's Bitcoin and Ether Funds

Founded in 2012, 3iQ has established itself as one of the world's leading digital asset fund managers, offering investors a convenient and familiar way to learn about digital assets.

The company introduced the Bitcoin Fund (QBTC) and Ether Fund (QETH), pioneering Canada's first publicly traded Bitcoin and Ether funds. Additionally, QETH and the 3iQ Ether Stacking ETF (ETHQ) were the first ETP funds in North America to integrate the Ether (ETH) ecosystem into their investment strategies.

“As leaders in digital asset investment management, we look forward to continuing our mission of providing regulated investment tools – embodying the highest standards and working with best-in-class partners – to individual and institutional investors to efficiently access the crypto asset class.” 3iQ confirmed in its press release.