Canadian digital asset management firm 3iQ has applied for a listing on the Toronto Stock Exchange (TSE) of its Solana ETP. If approved, it would be the first Solana ETP listed in North America, according to 3iQ.
The company announced June 20 it has filed a preliminary prospectus for The Solana Fund (QSOL) in Canada for an initial public offering.
The QSOL ETP would provide exposure to the SOL digital currency and its daily price movements against the US dollar.
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The preliminary prospectus has been filed with the regulatory authorities in all Canadian provinces and territories except Quebec.
3iQ has also disclosed that holders of the Solana ETP may accrue interest from SOL native staking yields, which the company estimates to be around 6-8%.