3iQ launches Solana Pledged exchange-traded Fund SOLQ and receives approximately US$50 million support from SkyBridge Capital
Online reports that digital asset investment solutions provider 3iQ announced the launch of Solana Pledged Exchange Traded Fund SOLQ and received support from SkyBridge Capital and other institutions (SkyBridge will invest US$50 million in the 3iQ Solana Staking ETF). The ETF plans to purchase SOL through digital asset trading platforms and over-the-counter counterparties to hold long-term positions and plans to start trading on the Toronto Stock Exchange (TSX) today. It is reported that its management fee for the first 12 months is 0%.
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