3iQ seeks to deliver first Solana ETP in North America

Global leader in digital assets files preliminary prospectus for Solana fund in Canada

TORONTO, June 20, 2024 /CNW/ — 3iQ Corp. (“3iQ”), a global pioneer in digital asset investment solutions and one of the largest investment fund managers dedicated exclusively to digital assets in Canada, is pleased to announce that The Solana Fund (the “Fund”) has filed a preliminary prospectus with the securities authorities of all provinces and territories of Canada (except Quebec) in connection with an initial public offering of Class A units and Class F units of the Fund (the “Fund”) “Offering”). 3iQ has also applied to list Class A units of the Fund on the Toronto Stock Exchange (“TSX”) under the symbol “QSOL”. The Fund seeks to become the first Solana exchange-traded product (“ETP”) (“SOL”) to be listed in North America. To learn more about the Fund, visit 3iq.io/solana.

(PRNewsfoto/3iQ)

The investment objectives of the Fund aim to offer unitholders:

• exposure to the SOL digital currency and daily movements in the price of SOL in U.S. dollars; 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”), Tetra Trust Company and Coinbase Custody Trust Company, LLC acting as custodians of the Fund. When available, 3iQ plans to stake SOL held in the Fund’s portfolio to earn rewards for the Fund, which rewards will, after deducting applicable fees, be reinvested in the Fund for the benefit of unitholders.

The Fund will represent another pioneering industry first in 3iQ’s well-established history of leadership and innovation in the digital assets space. 3iQ launched both The Bitcoin fund (TSX: QBTC) and The Ether Fund (TSX: QETH), as the first publicly traded Bitcoin and Ether fund in Canada. Additionally, the Ether Fund and the 3iQ Ether Staking ETF (TSX: ETHQ) became the first ETP in North America to include ether staking in its investment strategies.

“3iQ seeks to set a global standard of excellence and we are proud to work closely with securities regulators to responsibly improve the digital asset investment landscape in Canada,” said Greg Benhaim of 3iQ. “As pioneers in digital asset investment management, we look forward to continuing our mission of providing regulated investment vehicles – embodying the highest standards and working with the best partners – so that individual investors and institutional investors can effectively access the growing class of crypto assets. “

The story continues

SOL is the native digital asset of the Solana blockchain, a decentralized network designed for high-performance decentralized applications (dApps) and smart contracts. Often considered a competitor to Ethereum, Solana offers impressive transaction speeds and scalability. Launched in 2020, SOL has become an important player in smart contract development, 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 provides a robust environment for the next generation of decentralized finance (DeFi) applications and is the next natural digital asset choice for 3iQ wishes to structure in FTE.

About 3iQ Corp.

Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, providing investors with 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 as public ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ .U). To learn more about 3iQ, visit 3iq.io.

Disclosure:

The preliminary prospectus of the Fund, dated June 20, 2024, contains important information relating to the securities of the Fund and has been filed with the securities commissions or similar authorities in all provinces and territories of Canada (except Quebec) . The provisional prospectus may still be supplemented or modified. Copies of the preliminary prospectus may be obtained from the Agent or at www.sedarplus.ca. There will be no sale or acceptance of an offer to purchase Class A or Class F units of the Fund until a receipt for the final prospectus has been issued by the applicable 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 buy or sell securities of the Fund on a Canadian exchange or other trading system (an “exchange”). If Fund securities are purchased or sold on an exchange, investors may pay more than the current net asset value when they buy Fund securities and may receive less than the current net asset value when they sell them.

There are ongoing fees and expenses associated with owning securities of an investment fund. An investment fund must prepare disclosure documents containing 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 press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and other matters identified in public filings relating to the Fund, the future prospects of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund . . In some cases, prospective information may be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, ” estimate”, “predict”, “potential”. “, “continue” or other similar expressions regarding matters that are not historical facts. In particular, this press release contains forward-looking information relating to the anticipated completion of the offering. Actual results may differ materially from those results indicated in the forward-looking information for a number of reasons, including the inability to close the transactions discussed in this press release on the terms currently contemplated by the Fund, or at all, as well as the risk factors identified in the preliminary prospectus of the Fund dated June 20, 2024. Investors should not place undue reliance on forward-looking statements These forward-looking statements are made as of the date hereof and we undertake no obligation to update or revise them to reflect them. new events or circumstances, unless otherwise required by law.

IMPORTANT NOTICES

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT INTENDED FOR PUBLICATION, BROADCAST OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR TO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH ANNOUNCEMENT WOULD BE ILLEGAL.

This announcement may not be distributed, forwarded, transmitted or otherwise disseminated within the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to purchase or subscribe for any securities in the United States or any other jurisdiction. The securities of the Fund 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 otherwise. jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within the United States, absent registration or an applicable exemption, or except under a transaction not subject to the registration requirements of the Securities Act and in compliance with the securities laws of any state or other relevant jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, will form the basis of or be relied upon in connection with any future information we disseminate.

Not for distribution to U.S. wire services or dissemination in the United States.

This announcement and the information contained herein are restricted and are not intended for broadcast, publication or distribution, in whole or in part, directly or indirectly, to or from the United States or any other jurisdiction in which doing so would be unlawful . Furthermore, this announcement is for informational purposes only and does not constitute an offer to sell or issue or a solicitation to purchase, subscribe for or otherwise acquire any securities of the Fund in any jurisdiction in which such offer or solicitation would be illegal.

Media contacts
Ryan Graham, JConnelly
862-777-4274
rgraham@jconnelly.com

Julie Mercuro, JConnelly
973-349-6471
jmercuro@jconnelly.com

SOURCE3iQ

Cision

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