Sol Strategies Selected as Staking Provider for 3iQ’s Solana ETF

In a significant advancement for institutional adoption of Solana staking, Toronto-based Sol Strategies announced their selection as the staking provider for 3iQ Corp.’s Solana Staking ETF on Tuesday.

> “Sol Strategies’ institutional-grade infrastructure and proven track record in this ecosystem made them the clear choice,” said Pascal St-Jean, CEO and President at 3iQ in a press release. “Their compliance framework and validator performance align perfectly with our commitment to providing regulated, secure digital asset exposure to investors.”

Sol Strategies, formerly known as Cypherpunk Holdings, aims to capitalize on investment opportunities in staking rewards and Solana-based projects while providing infrastructure for the Solana blockchain.

3iQ is a global digital asset investment manager managing $1 billion in assets. The firm submitted preliminary prospectuses on Jan. 28 with the Ontario Securities Commission and other Canadian regulators to list the 3iQ Solana Staking ETF and the 3iQ XRP ETF on the Toronto Stock Exchange. If approved, these will become the first exchange-traded funds globally offering exposure to Solana and XRP.

This initiative is part of a growing interest in launching financial products that offer investors exposure to tokens beyond the two largest cryptocurrencies, Bitcoin and Ethereum. This trend is influenced by President Donald Trump’s support for the crypto industry and his promise to reform the regulatory framework.

The U.S. Securities and Exchange Commission has begun soliciting public comments on a proposal for the Grayscale Solana Trust, which aims to convert it into an exchange-traded product. Furthermore, Bloomberg analysts estimate a 70% chance for spot Solana ETFs to receive approval this year.

> “Being selected as 3iQ’s staking partner validates our infrastructure and demonstrates the growing demand for regulated staking solutions,” stated Sol Strategies CEO Leah Wald. “This partnership represents a pivotal moment for institutional Solana staking, allowing traditional investors to access staking rewards through a regulated investment vehicle.”

As of Jan. 31, Sol Strategies and its subsidiaries held a total of 189,968 SOL, purchased at an average cost of about $179 per SOL. The company’s stock (HODL), traded on the Canadian Securities Exchange, surged over 2,000% last year and is presently traded over-the-counter in the U.S., with plans to list on the Nasdaq.