With Solana ETF next in line, 3iQ Corp is paving the way for broader acceptance and integration of blockchain assets into traditional markets
Author: Chirag Sharma
Written On: Fri, 21 Jun 2024 15:44:43 GMT
The investment landscape is witnessing a significant shift with the introduction of the Solana ETF. 3iQ Corp, one of Canada’s leading investment fund managers, has filed to launch the first Solana Exchange Traded Fund (ETF) in Canada, and consequently, in North America. This groundbreaking move places Solana alongside other major digital assets available through traditional investment channels.
Launched in 2020, Solana has rapidly ascended to become one of the largest and fastest blockchain networks globally. Its market value hovers around $65 billion. Unlike Bitcoin, designed primarily as a payment system, Solana was engineered for high-performance blockchain applications. This design focuses on high processing speeds and low costs, making it a preferred choice for developers.
An attractive feature of the ETF is its staking mechanism. 3iQ Corp will stake investor SOLs to earn rewards, providing a passive income stream. Estimated returns from staking range between 6-8%. They will reinvest these rewards, after deducting applicable fees, for the shareholders’ benefit.
In conclusion, the Solana ETF next in line represents a pivotal development in the investment fund market. By providing direct exposure to Solana, 3iQ Corp is paving the way for broader acceptance and integration of blockchain assets into traditional financial markets. Investors looking for high-performance blockchain investments now have a promising new avenue to explore.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Polygon Community Grants Program Season 2: Recipients Announced
Senator Lummis Unveils Standalone Crypto Tax Bill After Failed OBBB Inclusion
WhiteRock Founder Reportedly Arrested in UAE Over ZKasino Fraud Links
Bitstamp Secures MAS License to Operate in Singapore Amid Stricter Crypto Regulations
Polygon Community Grants Program Season 2: Recipients Announced
Senator Lummis Unveils Standalone Crypto Tax Bill After Failed OBBB Inclusion
WhiteRock Founder Reportedly Arrested in UAE Over ZKasino Fraud Links
Bitstamp Secures MAS License to Operate in Singapore Amid Stricter Crypto Regulations