3iQ Corp (3iQ), a specialist in digital asset investment solutions, is to launch trading in the 3iQ Solana Staking ETF (SOLQ), which numbers SkyBridge Capital among its largest unit holders, on the Toronto Stock Exchange (TSX) on 16 April.
SOLQ launches with a 0% management fee for the first 12 months, making it among the most competitively priced digital asset ETFs available. The ETF invests in long-term holdings of Solana (SOL) purchased from leading digital asset trading platforms and over-the-counter (OTC) counterparties, and will also provide investors with attractive staking rewards. Listing on the TSX will make SOLQ accessible to qualified investors globally, subject to local requirements.
“We are delighted to launch this ground-breaking 3iQ Solana Staking ETF with investments from SkyBridge Capital and other investors,” said Pascal St-Jean, President & CEO of 3iQ. “As innovators in the digital asset investment management space, their support not only confirms the attractiveness of SOLQ, but also 3iQ’s position as a leader in the industry and demonstrates how our approach to well-constructed and risk managed fund solutions attracts the best-in-class investors to our products.”
SkyBridge is making a $50m lead investment in the 3iQ Solana Staking ETF, which according to a press release, “provides a secure, fully transparent and operationally efficient vehicle for institutional and retail investors to directly gain SOL investment exposure and its high growth potential while generating passive rewards through staking to enhance yield, seeking a greater total return”.
