3iQ, a provider of digital asset investment solutions, announced the launch of the Solana Staking Exchange Traded Fund SOLQ and received support from institutions such as SkyBridge Capital (SkyBridge will invest $50 million in the 3iQ Solana Staking ETF), the ETF is intended to purchase SOL for long-term holding through digital asset trading platforms and over-the-counter trading counterparties, and is scheduled to start trading today on the Toronto Stock Exchange (TSX), with a management fee of 0% in the first 12 months.
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3iQ Launches Solana Collateralized ETF SOLQ and Receives Approximately $50 Million in Backing from SkyBridge Capital
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