3iQ files for the new ETP in Canada
Digital asset manager 3iQ has filed for an exchange-traded listing for Solana ( SOL ) on Canada's Toronto Stock Exchange (TSE) — and wants to list the stock.
“We have filed a preliminary forecast for Solana Fund (QSOL) in Canada in connection with its initial public offering,” 3iQ posted on X on June 20.
If approved, it would be the first Solana ETP to list in North America, the company said.
QSOL has filed lawsuits over the beta with safety regulatory authorities in every Canadian province and territory except Quebec, 3iQ observed.
QSOL offers “Exposure to Digital Currency SOL” and “USD Price SOL Daily Price Movements”.
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Additionally, QSOL holders may collect interest from SOL stock products.
The company has stated that the stock yield is currently 6-8 percent.
Coinbase Custody and Tetra Trust will act as custodians, while Coinbase Custody will provide Solana with the institutional share infrastructure required for QSOL.
The Canadian firm is behind the Bitcoin Fund (QBTC), the Ether Fund (QETH), the 3iQ Bitcoin ETF (BTCQ) and the 3iQ Ether Staking ETF (ETHQ) on the TSE.
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