Canadian asset manager 3iQ has moved to launch Canada's first Solana ETP.

On June 20, 3iQ announced that it had filed a prospectus with the Ontario Securities Commission to launch North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).

3iQ was one of the first fund managers to launch a public Bitcoin fund as well as an Ethereum fund in Toronto.

In his statement on the subject, the Company's Product Vice President and Trade President Greg Benhaim stated the following:

3iQ is striving to set a global standard of excellence and is proud to work closely with the OSC to responsibly develop the digital asset investment environment in Canada.

Our goal is to push the boundaries

Christopher Matta, the Strategic Advisor of the Company, stated in an interview with CoinDesk Global that this step taken through Solana ETPs aims to push the boundaries.

Our goal is to continue pushing the boundaries and keep Canada as an innovation hub. Solana ETP will have the ability to stake similar to our Ether ETPs and allow us to transfer returns to investors.