3iQ Digital Asset Administration, a Canadian funding agency, has introduced plans to launch the primary Solana-based exchange-traded fund (ETF) in North America.
The proposed fund, named QSOL, might be listed on the Toronto Inventory Alternate (TSX) and goals to trace the worth actions of Solana’s native cryptocurrency, SOL, towards the U.S. greenback.
This transfer is anticipated to offer buyers with the chance for capital appreciation and staking yields.
The Solana ETF by 3iQ is poised to supply a novel funding car to the market, increasing the vary of cryptocurrency merchandise out there to North American buyers.
The fund’s introduction follows the profitable launch of Bitcoin and Ethereum ETFs in Canada, reflecting the rising integration of digital property into mainstream finance.
With Solana’s market presence because the fifth-largest cryptocurrency, the ETF is anticipated to draw each particular person and institutional buyers.
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