Global digital asset leader 3iQ Corp. has submitted preliminary prospectuses with Canadian regulators to list the 3iQ Solana Staking ETF and the 3iQ XRP ETF on the Toronto Stock Exchange (TSX). If approved, these will be the world’s first ETFs offering regulated exposure to Solana (SOL) and XRP, marking a milestone for crypto adoption in traditional finance.
Investment Strategy and Objectives
👉 Discover how Solana Staking works
The ETFs aim to:
- Hold long-term Solana and XRP purchased from reputable trading platforms and OTC counterparties.
- Provide a secure, convenient alternative to direct crypto ownership, mitigating risks like custody and market volatility.
- Maximize staking yields for Solana holders, leveraging 3iQ’s crypto-native expertise.
Pascal St-Jean, CEO of 3iQ, stated:
"Our mission is to deliver regulated access to emerging digital assets. Following our Bitcoin and Ether ETFs, Solana and XRP ETFs are the next step in broadening institutional and retail exposure."
3iQ’s Track Record in Crypto Innovation
3iQ has pioneered multiple firsts:
- 2021: Launched Canada’s first Bitcoin (TSX: QBTC) and Ether (TSX: QETH) funds.
- 2023: Introduced North America’s first Ether Staking ETF (TSX: ETHQ).
- 2024: Filed for the Solana Fund (QSOL), a precursor to the new ETFs.
Regulatory Collaboration and Market Impact
3iQ emphasizes close ties with Canadian regulators to ensure compliance while pushing boundaries. The firm’s partnerships with crypto protocols enable unique product features, such as optimized staking rewards.
FAQ Section
Q: When will the Solana and XRP ETFs launch?
A: Pending regulatory approval. The preliminary prospectus was filed January 2025.
Q: How do these ETFs differ from buying crypto directly?
A: They offer tax-efficient, custodial security, and avoid the technical hurdles of self-custody.
Q: What’s the minimum investment?
A: Details will be disclosed in the final prospectus. Typically, ETFs have no minimum beyond share price.
Disclaimer:
The preliminary prospectus is subject to completion. Investors should review final documents on SEDAR+ before investing.
Not available to U.S. investors. Always consult a financial advisor.