ETFs
3iQ plans first Solana ETF in North America
3iQ Digital Asset Management, a Canadian investment company, announced plans to launch the first Solana-based exchange-traded fund (ETF) in North America.
The proposed fund, named QSOL, will be listed on the Toronto Stock Exchange (TSX) and aims to track the price movements of Solana’s native cryptocurrency, SOL, against the US dollar.
The move is expected to provide investors with the opportunity to appreciate capital and bank on returns.
3iQ’s Solana ETF is set to bring a new investment vehicle to the market, expanding the range of cryptocurrency products available to North American investors.
The fund’s introduction follows the successful launch of Bitcoin and Ethereum ETFs in Canada, reflecting the growing integration of digital assets into traditional finance.
With Solana’s presence in the market as the fifth largest cryptocurrency, the ETF is expected to attract both individual and institutional investors.