3iQ, a leading investment firm, has announced the launch of a new ETF backed by the cryptocurrency Solana (SOL), set to begin trading on the Toronto Stock Exchange on April 16, 2025.
Key Features of the ETF
The new ETF is backed by a $50 million investment from SkyBridge Capital, allowing investors to gain access to Solana through a regulated and transparent product. The ETF also provides the opportunity to earn staking rewards.
Making Access to Solana Easier
SOLQ ETF enables both retail and institutional investors to participate in the upside of Solana without needing to manage wallets or staking infrastructure themselves. 3iQ takes care of all operations related to acquiring SOL and managing staking.
Bridging Passive Income and Solana's Growth
Staking allows SOL holders to earn rewards by helping secure the Solana network. Through SOLQ, these rewards will be passed along to investors, making passive income from staking more accessible to traditional investors. For the first 12 months, SOLQ will have a 0% management fee.
The launch of the Solana ETF by 3iQ, backed by SkyBridge, is a significant step for digital assets, providing investors access to the high-performance Solana ecosystem.
