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Canada's 3iQ Under Fire For Misleading Solana ETF Claims, What's Happening?

source-logo  coingape.com 21 June 2024 13:21, UTC

3iQ Digital Asset Management has recently come under scrutiny for its marketing of The Solana Fund (QSOL) as North America’s first Solana exchange-traded product (ETP). The Solana fund, which has filed a preliminary prospectus for an initial public offering of Class A and Class F units, aims to list on the Toronto Stock Exchange (TSX) under the ticker “QSOL”. However, critics argue that 3iQ’s promotional tactics are misleading and the Solana fund is actually not an ETF or ETP.