Late night updates: Solana ETF Proposal Aims to Be First in North America
Canadian asset manager 3iQ has reportedly filed a preliminary prospectus to list a Solana exchange-traded fund (ETF) in Toronto. The Solana ETF will be called The Solana Fund (QSOL). Notably, if approved, it would be North America’s first publicly traded Solana ETF. 3iQ says the fund will be offered on the Toronto Stock Exchange “in relation to an initial public offering.”
3iQ was also one of the first fund managers to launch publicly traded Bitcoin and Ether funds in Toronto. QSOL will offer exposure to the price movements of Solana (SOL) as well as staking yield generated by the network, which the firm estimates to be around 6-8%.
Who’s still holding SOL now?
X: https://x.com/apacdao/status/1804154862474793409