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Last updated: June 19, 2025, 17:00 | Written by: Dan Larimer

The world of cryptocurrency investment is constantly evolving, and Canada is proving to be a progressive hub for digital asset innovation.In a significant move that underscores this trend, 3iQ Corp., a leading Canadian digital asset investment fund manager, has chosen Figment, a premier blockchain infrastructure and staking provider, as the primary staking partner for its newly launched Solana Staking ETF (SOLQ). In a notable development for the Canadian financial landscape, Figment, a leading blockchain infrastructure provider, has been chosen as the staking provider for the newly authorized Solana exchange-traded fund (ETF) managed by 3iQ.This marks a groundbreaking moment as it represents the first staking-focused exchange-traded product in North America. 3iQ s Canadian Solana ETF selects Figment as staking provider Blockchain infrastructure provider Figment has been sThe ETF, approved by the Ontario Securities Commission (OSC) on April 14th, is set to list on the Toronto Stock Exchange (TSX) on April 16th, opening up a new avenue for investors to gain exposure to Solana (SOL) while simultaneously earning staking rewards.This collaboration between 3iQ and Figment signifies a major step forward in bridging the gap between traditional finance and the rapidly expanding world of decentralized finance (DeFi), offering a regulated and accessible way to participate in the Solana network's growth.But what does this mean for investors, and why is this a significant development for the broader crypto ecosystem?

Understanding the 3iQ Solana Staking ETF (SOLQ)

The 3iQ Solana Staking ETF (SOLQ) is designed to provide investors with exposure to the price performance of Solana, a high-performance blockchain known for its speed and scalability.However, what sets this ETF apart is its focus on staking.Staking involves participating in the network's consensus mechanism by locking up a certain amount of SOL to help validate transactions and secure the blockchain.In return for their participation, stakers receive rewards, typically in the form of additional SOL tokens.

Here's a breakdown of key aspects of the SOLQ ETF:

Ticker Symbol: SOLQ (Toronto Stock Exchange)
Focus: Provides exposure to Solana (SOL) price performance and staking rewards.
Staking Provider: Figment
Regulatory Approval: Approved by the Ontario Securities Commission (OSC)
Listing Date: April 16th on the Toronto Stock Exchange

What is Solana and Why Stake It?

Solana is a layer-1 blockchain platform that is known for its high transaction speeds and low fees. 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.Figment will enable institutional staking for the 3iQ Solana BIt uses a unique consensus mechanism that combines Proof-of-Stake (PoS) with a novel Proof-of-History (PoH) component, enabling it to process thousands of transactions per second.This makes Solana a popular choice for decentralized applications (dApps), DeFi projects, and NFTs.

Staking Solana offers several benefits:

Earning Rewards: Staking SOL allows holders to earn rewards in the form of additional SOL tokens, incentivizing participation in the network.
Securing the Network: By staking, participants contribute to the security and stability of the Solana blockchain.
Decentralization: Staking helps to distribute control of the network among a wider range of participants, promoting decentralization.

Figment's Role as the Staking Provider

Figment is a leading institutional staking provider that offers a secure and reliable platform for staking a variety of blockchain assets, including Solana.Their expertise in staking infrastructure and security makes them a natural choice for 3iQ's Solana Staking ETF.

Figment's role in the SOLQ ETF is crucial.They are responsible for:

Validating Transactions: Figment's validators actively participate in the Solana network, verifying transactions and ensuring the integrity of the blockchain.
Securing the Network: By staking a significant amount of SOL, Figment contributes to the overall security and stability of the Solana network.
Generating Staking Rewards: Figment is responsible for generating staking rewards for the ETF's investors. Figment, the leading independent institutional staking provider, has been selected as the primary staking provider for 3iQ Corp. s groundbreaking Solana Staking ETF (TSX: SOLQ), launching on theThese rewards are then distributed to the ETF holders, contributing to the overall return on investment.
Institutional-Grade Infrastructure: Figment provides the secure and reliable infrastructure needed for institutional-grade staking, ensuring the safety of the staked assets.

Why Choose Figment?

Several factors likely influenced 3iQ's decision to partner with Figment:

Experience and Expertise: Figment has a proven track record in providing institutional staking services for a wide range of blockchain networks.
Security: Figment prioritizes security and employs robust measures to protect staked assets from potential threats.
Reliability: Figment's infrastructure is designed for high availability and performance, ensuring consistent staking rewards.
Compliance: Figment adheres to strict regulatory compliance standards, providing investors with peace of mind.

The Significance of a Solana Staking ETF in Canada

The launch of the 3iQ Solana Staking ETF (SOLQ) is a significant milestone for the Canadian digital asset market.It represents a further step toward the mainstream adoption of cryptocurrencies and blockchain technology.

Here's why this ETF is important:

Accessibility: The ETF provides a regulated and accessible way for Canadian investors to gain exposure to Solana and earn staking rewards without having to directly manage their own SOL tokens or navigate the complexities of staking.
Regulatory Approval: The fact that the SOLQ ETF has been approved by the Ontario Securities Commission (OSC) demonstrates a growing acceptance of digital assets by Canadian regulators.
Innovation: The SOLQ ETF is the first staking-focused exchange-traded product in North America, positioning Canada as a leader in digital asset innovation.
Mainstream Adoption: The availability of a Solana Staking ETF makes it easier for traditional investors to diversify their portfolios with digital assets, potentially driving further adoption of cryptocurrencies.

Canada: A Progressive Hub for Crypto Innovation

Canada has been steadily emerging as a progressive hub for cryptocurrency and blockchain innovation.The country's relatively open regulatory environment and supportive government policies have attracted a growing number of crypto companies and investors.

The approval of the 3iQ Solana Staking ETF is a testament to Canada's commitment to fostering innovation in the digital asset space.Other factors contributing to this include:

Early Adoption of Bitcoin ETFs: Canada was among the first countries to approve Bitcoin ETFs, paving the way for further digital asset investment products.
Supportive Regulatory Framework: Canadian regulators have taken a pragmatic approach to regulating cryptocurrencies, focusing on investor protection without stifling innovation.
Talent Pool: Canada boasts a strong talent pool of blockchain developers, engineers, and entrepreneurs.

Potential Benefits and Risks of Investing in the SOLQ ETF

Like any investment, the 3iQ Solana Staking ETF (SOLQ) offers potential benefits but also comes with inherent risks. 3iQ s Canadian Solana ETF selects Figment as staking providerUnderstanding these factors is crucial before making any investment decisions.

Potential Benefits

Exposure to Solana's Growth: Investors can potentially benefit from the growth of the Solana ecosystem and the increasing adoption of its blockchain technology.
Staking Rewards: The ETF generates staking rewards, providing investors with an additional source of income. 3iQ estimates the fund's annualized yield.Please refer to 3iQ for accurate annualized yield information.
Diversification: Adding the SOLQ ETF to a portfolio can potentially diversify investment holdings and reduce overall risk.
Convenience: The ETF offers a convenient way to invest in Solana and earn staking rewards without having to manage the complexities of staking directly.

Potential Risks

Volatility: Cryptocurrencies, including Solana, are known for their volatility.The price of SOL can fluctuate significantly, potentially leading to losses for investors.
Regulatory Risk: Changes in regulations could negatively impact the cryptocurrency market and the value of the SOLQ ETF.
Smart Contract Risk: DeFi protocols and smart contracts are susceptible to bugs and vulnerabilities, which could lead to losses for investors.
Staking Risk: While Figment provides a secure staking platform, there is always a risk of slashing (penalties for validator misbehavior) or other issues that could reduce staking rewards.
Market Risk: General economic conditions and market sentiment can also impact the performance of the SOLQ ETF.

Disclaimer: It is important to conduct thorough research and consult with a financial advisor before investing in any cryptocurrency or ETF. 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 towardCryptocurrency investments are inherently risky, and investors should only invest what they can afford to lose.

How to Invest in the 3iQ Solana Staking ETF (SOLQ)

Investing in the 3iQ Solana Staking ETF (SOLQ) is similar to investing in any other ETF listed on the Toronto Stock Exchange (TSX).Here's a general guide:

Open a Brokerage Account: If you don't already have one, open a brokerage account with a Canadian broker that offers access to the TSX.
Fund Your Account: Deposit funds into your brokerage account using a method of your choice, such as bank transfer or wire transfer.
Search for SOLQ: In your brokerage account's trading platform, search for the ticker symbol ""SOLQ.""
Place an Order: Enter the number of shares you want to buy and place an order.You can choose between a market order (to buy at the current market price) or a limit order (to buy at a specific price).
Monitor Your Investment: Regularly monitor the performance of your SOLQ ETF and adjust your investment strategy as needed.

Tips for Investing in Cryptocurrency ETFs

Here are some tips to keep in mind when investing in cryptocurrency ETFs like SOLQ:

Do Your Research: Before investing, thoroughly research the ETF, its underlying assets, and the risks involved.
Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your portfolio by investing in a variety of assets.
Manage Your Risk: Only invest what you can afford to lose.Cryptocurrency investments are inherently risky.
Stay Informed: Stay up-to-date on the latest news and developments in the cryptocurrency market.
Consider a Financial Advisor: Consult with a qualified financial advisor to get personalized investment advice.

The Future of Solana and Staking ETFs

The launch of the 3iQ Solana Staking ETF (SOLQ) could be a catalyst for further innovation in the cryptocurrency ETF space. Asset manager 3iQ has selected Figment to be the staking infrastructure provider for its recently approved Solana ETF.As the demand for digital asset investments continues to grow, we can expect to see more staking-focused ETFs emerge, offering investors a wider range of options to participate in the crypto ecosystem.

Solana's future looks promising, with a growing ecosystem of dApps, DeFi projects, and NFTs.The network's high transaction speeds and low fees make it a competitive platform for developers and users alike.

Potential Future Developments

Here are some potential future developments in the Solana and staking ETF space:

More Staking ETFs: We could see the launch of staking ETFs for other popular blockchain networks, such as Ethereum, Cardano, and Polkadot.
Increased Institutional Adoption: As more regulated and accessible investment products become available, institutional investors are likely to increase their exposure to cryptocurrencies.
Innovation in Staking Mechanisms: New staking mechanisms and protocols could emerge, offering investors even more ways to earn rewards and participate in network governance.
Integration with Traditional Financial Systems: Cryptocurrencies and blockchain technology could become increasingly integrated with traditional financial systems, leading to new and innovative financial products and services.

Conclusion

The selection of Figment as the staking provider for 3iQ's Canadian Solana ETF (SOLQ) marks a significant step forward for the cryptocurrency market in Canada and North America.This innovative ETF provides investors with a regulated and accessible way to gain exposure to Solana while simultaneously earning staking rewards. 3iQ s Canadian Solana ETF selects Figment as staking provider for its Solana Staking ETF (SOLQ). The ETF was approved by the Ontario Securities Commission (OSC) on April 14 and is set to list on the Toronto Stock Exchange on April 16. 3iQ estimates the fund s annualized yield toBy partnering with a reputable staking provider like Figment, 3iQ is ensuring the security and reliability of the staking process. 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. Figment will enable institutional staking for the 3iQWhile cryptocurrency investments are inherently risky, the SOLQ ETF offers a compelling opportunity for investors to participate in the growth of the Solana ecosystem. 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. Figment will enable institutional staking for the 3iQ Solana (SOL) Staking ETF, which launches on the Toronto Stock Exchange on April 16 under the tickerAs Canada continues to embrace digital asset innovation, we can expect to see more innovative products and services emerge, further solidifying the country's position as a leader in the global crypto market.Remember to always conduct thorough research and consult with a financial advisor before making any investment decisions. [ ] Crypto Mining on Your Phone? Beginner s Guide! Mining [ ] Bitcoin Core s OP_RETURN limit removal divides crypto community MiningThe key takeaways are: Canada is leading the way in crypto innovation, staking ETFs offer a novel investment opportunity, and understanding the risks and benefits is paramount.