3iQ Proposes North America's First Solana ETF in Canada

The Toronto-based firm aims to offer a Solana-based exchange-traded product, pending regulatory approval.

3iQ has filed a preliminary prospectus to list The Solana Fund (QSOL) on the Toronto Stock Exchange.
The fund will provide exposure to Solana's price movements and staking yields.
3iQ has a history of pioneering Bitcoin and Ethereum ETFs in Canada.
Analysts see this move as part of a broader trend towards cryptocurrency ETFs.
The U.S. market remains uncertain about the approval of similar funds.