- To introduce the first Solana exchange-traded product in North America, 3iq has submitted an application.
- Ether ETFs and spot bitcoin are only two of the cryptocurrency-based securities that are currently available to Canadian investors.
A request to introduce the first Solana SOL -0.58% exchange-traded product (ETP) in Canada has been made by the investment firm 3iQ.
According to a statement released by 3iQ on Thursday, the proposed ETP, known as the Solana Fund, would give Canadian investors exposure to SOL without forcing them to use hot wallets or other blockchain-related technology. If authorized, the fund would go live with the ticker QSOL on the Toronto Stock Exchange.
We’re excited to carry out our goal of providing regulated investment vehicles that effectively enable institutional and ordinary investors to access the cryptocurrency asset class while upholding the highest standards and collaborating with top-tier partners.
If approved, it is unclear when investors would be able to access the Solana Fund.
Spot bitcoin and ether ETFs, like CI Galaxy Ethereum ETF and Purpose Ether ETF, were approved by Canadian authorities in 2021. The groundbreaking authorization occurred a few years before American regulators first permitted the operation of comparable cryptocurrency-based funds in the country.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
