Digital asset manager 3iQ has applied to list its Solana (SOL) exchange-traded product on Canada’s Toronto Stock Exchange (TSE) and intends to include staking.
“We have filed a preliminary prospectus for the Canadian Solana Fund (QSOL) in connection with its initial public offering,” 3iQ posted to X on June 20.
If approved, this would be the first Solana ETP listed in North America, the company said.
3iQ said the QSOL has been filed as a preliminary prospectus with securities regulators in all provinces and territories of Canada except Quebec.
QSOL provides “exposure to the digital currency SOL” and “daily price movements of the US dollar price SOL”.
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Additionally, QSOL holders can earn interest at the base SOL staking yield.
The company noted that current staking returns are between 6-8%.
Coinbase Custody and Tetra Trust serve as custodians, and Coinbase Custody provides the institutional staking infrastructure required for Solana staking for QSOL.
The Canadian company also supports the Bitcoin Fund (QBTC), Ether Fund (QETH), 3iQ Bitcoin ETF (BTCQ) and 3iQ Ether Staking ETF (ETHQ) on the TSE.
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