Alternative digital asset manager 3iQ has launched its Solana (SOL) Staking Exchange-Traded Fund (ETF) on the Toronto Stock Exchange (TSX) under the ticker SOLQ. This marks the first North American Solana ETP to integrate Proof-of-Stake (PoS) rewards directly into its investment strategy. Figment, a leading institutional staking provider, has been selected as the primary staking partner.
Key Highlights
- Historic Milestone: SOLQ is the first Solana staking ETF in North America, approved by the Ontario Securities Commission (OSC) on April 14, 2025.
- All-Canadian Collaboration: 3iQ (pioneer of Canada’s first Bitcoin ETF) and Figment (a genesis validator for Solana) combine expertise to offer institutional-grade staking yields.
- Market Context: Canada, Hong Kong, and Europe lead in staking-enabled ETFs, while the U.S. SEC deliberates approval.
Why This ETF Matters
1. Institutional Access to Staking Rewards
SOLQ enables traditional investors to earn passive yield from Solana’s PoS mechanism without managing validators. Figment’s infrastructure ensures optimized validator performance and maximized rewards.
👉 Discover how staking ETFs bridge crypto and traditional finance
2. Figment’s Role
- Genesis Validator: Figment has been a core Solana validator since the network’s launch.
- $15B+ Assets Staked: Services 700+ institutional clients across 40+ protocols.
- Non-Custodial Security: Largest staker of ETH and SOL without holding user assets.
3. Market Trends
- Regulatory Leadership: Canada’s OSC also approved SOL ETFs from Purpose, Evolve, and CI, with TD Bank facilitating staking.
- Global Demand: BlackRock and other institutions signal staking as the "next step" for crypto ETPs.
Solana’s Market Performance
- Current Price: $124 (down 5.2% daily but up 16% weekly).
- All-Time High: $293 (January 2025), now 58% below peak.
FAQs
1. How does SOLQ differ from other Solana ETFs?
SOLQ is the only North American ETF that stakes SOL to earn rewards, unlike futures-based products.
2. What’s the expected yield?
3iQ estimates an annualized yield based on Solana’s staking APY (~5–7%), though exact figures depend on network conditions.
3. Is staking safe in an ETF?
Figment’s non-custodial model mitigates risks, ensuring rewards are generated without asset custody.
👉 Learn more about institutional staking solutions
4. Will the U.S. approve similar ETFs?
The SEC has yet to greenlight staking in ETFs, but Canada’s move may pressure regulators.
Conclusion
The 3iQ-Figment partnership underscores the maturation of PoS assets in traditional finance, offering investors a seamless path to Solana’s staking economy. With SOLQ, Canada reinforces its position as a crypto-ETF innovator.
For real-time updates on crypto ETPs, follow industry analysts like @EricBalchunas.
### Keywords:
- Solana ETF
- SOL staking
- 3iQ
- Figment
- Proof-of-Stake
- Toronto Stock Exchange
- Institutional crypto