Canada has introduced its first Solana exchange-traded fund (ETF), named The Solana Fund, under the ticker QSOL. Managed by 3iQ Digital Asset Management, this ETF offers investors exposure to Solana's native cryptocurrency, SOL, and its daily price movements in U.S. dollars. Additionally, it provides an opportunity to benefit from staking yields of approximately 6% to 8%, enhancing passive income potential. The fund is listed on the Toronto Stock Exchange, excluding Québec, and is backed by custodians Coinbase Custody and Tetra Trust, ensuring secure and reliable investment infrastructure. This launch positions Canada as a leader in crypto financial innovation.
