Canada launches first ETF linked to Solana SOL in a move to enhance the adoption of cryptocurrencies

Toronto - 3iQ, a Canadian digital asset management company, announced the launch of the first exchange-traded fund (ETF) linked to Solana SOL, in a move that reinforces Canada's position as a leader in the adoption of crypto assets.

The new fund will be listed under the symbol QSOL on the Toronto Stock Exchange (TSX), allowing Canadian investors the opportunity to gain exposure to the price of Solana without the need to store the currency directly. This comes after the great success of the Bitcoin ETF that Canada launched previously.

John Quigley, CEO of 3iQ, stated that Solana is one of the fastest-growing blockchain networks, and this fund represents an ideal opportunity for institutional and individual investors to enter this promising market.

It is worth noting that Solana is experiencing increasing interest due to its low-cost transaction speeds compared to Ethereum.