Global Digital Asset Leader, Which Filed its
Prospectus for World's First Solana ETP Last Year,
Continues Work with Canadian Regulators to Provide Broadest
Possible Crypto Exposure
TORONTO, Jan. 28,
2025 /CNW/ -- 3iQ Corp. (3iQ), the global digital
asset investment manager founded in 2012, is pleased to announce
today that the firm has submitted preliminary prospectuses with the
Ontario Securities Commission and other Canadian securities
regulators to list the 3iQ Solana Staking ETF and the
3iQ XRP ETF on the Toronto Stock Exchange. If
approved, they will be the first exchange-traded funds (ETFs) in
the world offering exposure to crypto assets
Solana and XRP.
To achieve their proposed investment objectives, the 3iQ
Solana Staking ETF and the 3iQ XRP
ETF will invest in long-term holdings of Solana
and XRP, respectively, purchased from reputable
digital asset trading platforms and over-the-counter (OTC)
counterparties. The ETFs are designed to provide investors with a
convenient and safer alternative to direct investments in
Solana and XRP.
"We have always been a pioneer in providing secure, innovative
products like the first North American Bitcoin and
Ether funds, which we launched in 2021, in order to provide
risk-mitigated exposure to the broadest possible mix of
crypto assets—including Bitcoin, Ether,
staking Ether, and now Solana and XRP,"
said Pascal St-Jean, President
and CEO of 3iQ. "Our Solana and XRP
ETFs are the latest regulated investment vehicles that advance our
mission, as Canada's first and
only crypto native ETF issuer, to deliver efficient
access to ever-growing digital asset classes for individual and
institutional investors."
3iQ has an impressive history as a trailblazer in the digital
asset investment universe. In June
2024, 3iQ filed a preliminary prospectus for The
Solana Fund (TSX: QSOL), North America's first exchange-traded product
(ETP) offering exposure to Solana. The firm has also
been first to market with many of their other fund products,
including the first publicly traded Bitcoin and Ether
funds in Canada, The
Bitcoin Fund (TSX: QBTC) and The Ether Fund (TSX:
QETH), then in October 2023, The
Ether Fund and the 3iQ Ether Staking ETF (TSX: ETHQ) became the
first ETPs in North America to
include staking Ether in their investment strategies. Included in
3iQ's world firsts was the launch of the CoinDesk 20 SP fund back
in November 2024.
"Our close adherence to crypto protocols and our
relationships with other crypto native firms position
us to innovate our products in ways that provide optimal value to
investors, such as the maximization of staking yields," said Mr.
St-Jean. "Our collaboration with these partners, as well as
Canadian regulators, has powered our ongoing leadership in digital
asset investing."
About 3iQ Corp.
Founded in 2012, 3iQ is one of the world's leading alternative
digital asset managers, pioneering institutional-grade investments.
3iQ launched the world's first Digital Assets Managed Account
Platform (QMAP), a hedge fund investment solution, offering
innovative risk managed investment solutions to gain exposure to
digital assets. 3iQ was also the first to launch a
Bitcoin ETP listed on a major global stock exchange,
the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and
offers other regulated ETPs. In 2024, Monex Group, a leading
Japanese financial group, took a majority stake in 3iQ. Since 2012,
3iQ has been at the forefront of innovation in digital asset
investment management. To learn more about 3iQ, visit 3iq.io.
Disclosure:
The preliminary prospectus of the ETFs, dated January 27, 2025, contains important information
relating to the securities of the ETFs and has been filed with
securities commissions or similar authorities in all of the
provinces and territories of Canada (except for Québec).
The preliminary prospectus is still subject to completion or
amendment. Copies of the preliminary prospectus may be obtained
at www.sedarplus.ca. There will not be any sale or
any acceptance of an offer to buy the units of the ETFs until a
receipt for the final prospectus has been issued by the relevant
securities commissions in Canada. Investors should read the
prospectus before making an investment decision.
You will usually pay brokerage fees to your dealer if you
purchase or sell securities of the ETFs on a stock exchange or
other alternative Canadian trading system (an "exchange"). If the
securities of the ETFs are purchased or sold on an exchange,
investors may pay more than the current net asset value when buying
securities of the Fund and may receive less than the current net
asset value when selling them.
There are ongoing fees and expenses associated with owning
securities of an investment fund. An investment fund must prepare
disclosure documents that contain key information about the fund.
You can find more detailed information about the ETFs in its public
filings available at www.sedarplus.ca. Investment funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR
FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE
SAME WOULD BE UNLAWFUL.
This announcement should not be distributed, forwarded,
transmitted or otherwise disseminated in or into the
United States. This announcement
does not constitute an offer to sell or issue or the solicitation
of an offer to buy or subscribe for securities in the United
States or any other jurisdiction. The ETFs' securities have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), or under
the applicable securities laws of any state or other jurisdiction
of the United States, and may
not be offered, sold, resold, transferred or delivered, directly or
indirectly within, into or in the United States, absent registration or an
applicable exemption from, or except in a transaction not subject
to, the registration requirements of the Securities Act and in
compliance with the securities laws of any relevant state or other
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Media Contacts
Ryan Graham, JConnelly
862-777-4274
rgraham@jconnelly.com
Julie Mercuro, JConnelly
973-349-6471
jmercuro@jconnelly.com
SOURCE 3iQ
