3iQ’s Canadian Solana ETF selects Figment as staking provider

Quick Summary:

As Bloomberg ETF analyst Eric Balchunas reported at the time, the funds are permitted to stake a portion of their SOL holdings through TD Bank, Canada’s second-largest financial institution by assets. Source: Eric Balchunas3iQ estimates that its SOL fund will provide yields of between 6% and 8%, according to its website. Related: Solana, XRP ETFs may attract billions in new investment — JPMorgan3iQ leads Canadian crypto ETFs as US regulators drag their feetAs US regulators continue to consider various crypto-related fund offerings, Canada has been leading the curve in adoption going back to 2021.

Blockchain infrastructure provider Figment has been selected as the staking provider for 3iQ’s newly approved Solana exchange-traded fund (ETF), underscoring Canada’s continued efforts toward adoption of digital asset financial products.

In addition to 3iQ, Figment provides staking infrastructure solutions to more than 700 clients. The Ontario Securities Commission (OSC), a provincial regulator, green-lighted 3iQ’s SOL fund on April 14.

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Article Details

Author / Journalist: Cointelegraph by Sam Bourgi

Category: Crypto

Markets: United StatesCanada

Topics: Staking Securities Figment Regulators Year Etfs Bitcoin 3iq’s Approved Ontario Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 21:57:13 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27930742

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