Blockchain infrastructure provider Fiji has been selected as a staying provider of the newly approved Solana Exchange-Traded Fund (ETF) of 3IQ and emphasized Canadian digital asset finance product efforts.
The company said in a statement, the company said in a statement, the company said in a statement, the company will enable an institutional staying for the 3IQ solana (SOL) Staying ETF, which began at the Toronto Securities Exchange on April 16. In addition to 3IQ, Figment offers staying infrastructure solutions to more than 700 customers.
On April 14, the Ontario Securities Commission (OSC), a local regulatory agency (OSC), on April 14, SOL FUND of Green Lights 3IQ.
As reported by Eric Balchunas, an analyst of Bloomberg ETF, this fund can raise some of Sol Holdings through the TD Bank, the second largest financial institution in Canada, by assets.
source: Eric Balchunas
According to the 3IQ website, SOL FUND estimates that it will provide a return between 6% and 8%.
Related: SOlana, XRP ETF can attract billions of dollars with new investments -JPMORGAN
3IQ, leading the Canadian encryption ETF as the US regulatory agency attracted.
As the US regulators continue to consider various encryption -related funds, Canada is leading the curve back to 2021. 3IQ debuted the Spot Bitcoin (BTC) ETF.
It will take almost three years for the Spot Bitcoin ETF to be approved in the United States. Like the Canadian respondents, the US ETFS was overwhelming in the first year, with a net inflow of more than $ 10.8 billion.
In October 2023, 3IQ launched an ETF related to Ether (Ether) so that investors could access the smart contract platform directly. Unlike the Ether ETF approved by the US regulators the following year, 3 IQ funds offer steaking rewards.
As recently reported by COINTELELEGRAPH, US regulators can help to approve Staying rewards after approval of exchange to list the options related to ETH.
source: James Seypart
relevant: Staying decisions for Grayscale ETF delay