Hie Everyone, hope you are doing well.

I want to share with you about #CanadaSOLETFLaunch

Canada is set to launch its first Solana Exchange-Traded Fund (ETF) through 3iQ Corp, a prominent digital asset manager. The ETF, named The Solana Fund (ticker: QSOL), has been filed with securities regulatory authorities across all Canadian provinces and territories, excluding Quebec. If approved, it will be listed on the Toronto Stock Exchange, offering investors exposure to Solana (SOL) without the complexities of direct crypto ownership. ​

QSOL aims to track SOL's price movements in U.S. dollars and provide long-term capital growth opportunities. Additionally, the fund plans to stake the SOL it holds, with estimated staking rewards ranging between 6% and 8%, which will be reinvested for the benefit of shareholders. Custodians for the fund include Tetra Trust and Coinbase Custody, with Coinbase also providing institutional staking infrastructure.

This development positions Canada as a leader in crypto ETF offerings, having previously introduced the world's first spot Bitcoin and Ethereum ETFs in 2021. The approval of QSOL could pave the way for other financial products based on lesser-known cryptocurrencies, enhancing diversity and inclusion in traditional financial markets. ​

As of now, the approval status of QSOL remains pending. Investors interested in this in product should monitor updates from 3iQ Corp and Canadian securities regulators for the latest information.