3iQ launched the Solana stake exchange-traded fund SOLQ with approximately $50 million in support from SkyBridge Capital.

Jinse Finance reports that digital asset investment solution provider 3iQ has announced the launch of the Solana staking exchange-traded fund SOLQ, supported by institutions such as SkyBridge Capital (SkyBridge will invest $50 million in the 3iQ Solana Staking ETF). The ETF aims to purchase SOL through digital asset trading platforms and OTC Trading counterparties for long-term Holdings, and plans to start trading today on the Toronto Stock Exchange (TSX). It is reported that its management fee for the first 12 months is 0%.

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