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

Figment will provide staking services for 3iQ's new Solana ETF, SOLQ, launching on the Toronto Stock Exchange. The ETF, approved by the Ontario Securities Commission, allows institutional staking of Solana (SOL). Figment already serves over 700 clients with its staking infrastructure. 3iQ projects a 6% to 8% yield for SOLQ investors. Canada's proactive approach contrasts with slower US regulatory progress on crypto ETFs. 3iQ launched Canada's first Bitcoin ETF in 2021, achieving over $1 billion in assets quickly. US spot Bitcoin ETFs followed years later, experiencing significant success. 3iQ also offers an Ether ETF with staking rewards, unlike some US counterparts. The US regulatory landscape might be shifting toward allowing staking rewards in ETFs. This development highlights Canada's leadership in the digital asset ETF market.