Digital asset supervisor 3iQ has filed to listing a Solana ETP on the Toronto Inventory Alternate, which might be North America’s first Solana-tied ETP if permitted.
In keeping with a Jun. 20 press launch, a preliminary prospectus for The Solana Fund (QSOL) has been filed with the securities regulatory authorities in all the provinces and territories of Canada.
The Toronto-headquartered agency famous in an X assertion that if regulators give the inexperienced mild, QSOL can be the primary exchange-traded product (ETP) tied to Solana and accessible in North America.
The fund is known to supply publicity to SOL, and the day by day value actions of the U.S. greenback value of SOL. Buyers would get the chance for “long-term capital appreciation” in addition to “staking yield generated by the network” by way of Coinbase Custody, 3iQ stated within the press launch. The agency will handle the portfolio, with SOL tokens held by crypto custodians Tetra Belief and Coinbase Custody.
The timeline for the fund’s availability to traders stays unsure. Moreover Solana, 3iQ at present affords exchange-traded funds monitoring Bitcoin (3iQ Bitcoin ETF) and Ethereum (3iQ Ethereum ETF). Regardless of the information, Solana continues to slip, dropping over 25% up to now 30 days, in keeping with CoinMarketCap information.