Global Leader in Digital Assets Files Preliminary Prospectus for The Solana Fund in
The Fund's investment objectives are to seek to provide unitholders with:
- exposure to the digital currency SOL and the daily price movements of the
U.S. dollar price of SOL; and - the opportunity for long-term capital appreciation.
3iQ will serve as the investment manager and portfolio manager of the Fund. The agent for the Offering is Canaccord Genuity Corp. (the "Agent"), with
The Fund will represent another trailblazing industry first in 3iQ's well-established history of leadership and innovation in digital assets. 3iQ launched both The Bitcoin Fund (TSX: QBTC) and The
"3iQ seeks to set a global standard of excellence and we're proud to work closely with the securities regulatory authorities to responsibly enhance the digital asset investment landscape in
SOL is the native digital asset to the Solana blockchain, a decentralized network designed for high-performance decentralized applications (dApps) and smart contracts. Often considered as a contender to Ethereum, Solana boasts impressive transaction speeds and scalability. Launched in 2020, SOL has become a significant player in the development of smart contracts, attracting developers and users with its fast processing and proof-of-stake consensus mechanism. Currently the second-largest smart contract platform by market capitalization and trading volume, Solana offers a robust environment for the next generation of decentralized finance (DeFi) applications and is the natural next choice of digital asset for 3iQ to structure into an ETP.
About
Founded in 2012, 3iQ is one of the world's leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds: The
Disclosure:
The preliminary prospectus of the Fund, dated
You will usually pay brokerage fees to your dealer if you purchase or sell securities of the Fund on a stock exchange or other alternative Canadian trading system (an "exchange"). If the securities of the Fund 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 Fund 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.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund's preliminary prospectus dated
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SOURCE 3iQ
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