3iQ has announced the launch of a new Solana ETF, receiving support from staking provider Figment. This highlights Canada's commitment to integrating digital assets.
3iQ and Figment Partnership
Figment has been selected as the staking provider for 3iQ's Solana ETF, set to trade on the Toronto Stock Exchange starting April 16 under the ticker SOLQ. Figment provides staking services to over 700 clients.
Approval by OSC
On April 14, 2023, the Ontario Securities Commission approved 3iQ's SOL fund, allowing other fund managers such as Purpose, Evolve, and CI to offer Solana ETFs.
Canadian Crypto ETFs
Canada continues to lead in the crypto ETF space. In 2021, 3iQ launched the first Bitcoin ETF, which quickly gained popularity. In October 2023, 3iQ also launched an Ether ETF, providing additional opportunities for investors.
The overall approval of the Solana ETF and other crypto funds underscores Canada's progress in digital assets, where companies are eager to offer new financial instruments for institutional and retail investors.
