Greg Benhaim, Executive Vice President of Products and Head of Trading at 3iQ, stated that the company aims to set a global standard of quality and is working closely with the OSC. Upon OSC approval, the fund, named the Solana Fund, will trade under the ticker QSOL. In addition to providing access to SOL price movements, it will also offer access to staking revenues generated by the network.
Benhaim also emphasized that the company will continue its mission to provide regulated investment tools that embody the highest standards, collaborating with best-in-class partners.
Christopher Matta, Strategic Advisor at 3iQ, mentioned that the company’s goal is to expand horizons and support Canada as an innovation hub. The Solana ETP will include staking, similar to the Ether ETP, allowing investors to earn staking rewards.
It is worth noting that 3iQ was one of the first fund managers to list a Bitcoin Fund on the TSX and the first to launch a public Ether fund in Toronto.