Canadian Solana ETF Reaches $186M AUM in One Month – Coincu

3iQ Digital Asset Management’s Solana Staking ETF achieved an asset management scale of $186 million within one month of its listing in Canada, as reported by PANews on May 28.

The launch signifies a notable rise in Solana investment, marking a major milestone for both 3iQ and the broader crypto asset market as Solana continues to gain traction.

3iQ’s Solana ETF Garners $186M in Rapid Growth

The Solana Staking ETF launched by 3iQ in Canada has seen remarkable growth, accumulating $186 million in assets under management within just a month. The impressive scale indicates strong market interest, supported by institutional investments such as SkyBridge Capital’s $50 million seed contribution. This launch is underscored by its positioning as the largest Solana ETF on the Toronto Stock Exchange.

A 0% management fee in its initial year has made the ETF highly competitive, appealing to both retail and institutional investors. This strategic pricing move, combined with the provision of staking rewards through partnerships with reputable validators like Figment and Twinstake, further enhances its appeal. Consequently, the ETF’s performance reflects growing investor confidence in Solana’s potential.

Key figures, including Pascal St-Jean, President & CEO of 3iQ, express optimism about the ETF’s success. “We are thrilled to see such outstanding results after our Solana Staking ETF’s two days of trading. This impressive result is a testament to how 3iQ attracts some of the best-known names in digital asset investment, such as SkyBridge Capital, and demonstrates the transparency, operational efficiency, and high-growth potential we can provide to both institutional and retail investors seeking direct exposure to Solana,” said St-Jean, highlighting the collaboration with leading entities which reinforces 3iQ’s status as an industry leader amidst growing retail and institutional interest.

Solana’s Market Fortitude and Future Potential

Did you know? Solana’s impressive ETF growth reflects increasing institutional adoption, marking it as a significant player since Solana’s inception. This highlights a potential shift from traditional to blockchain-based assets, mirroring similar trends from past Bitcoin and Ether fund rises.

As of May 28, 2025, Solana (SOL) is trading at $174.23, with a market cap of formatNumber(90667581236, 2) and a 24-hour trading volume of formatNumber(3489125939, 2). SOL has experienced a price decline of 0.84% in the past 24 hours but has seen a robust 37.39% increase over the last 60 days, according to CoinMarketCap.

Coincu’s research team anticipates further growth in digital asset ETFs, paralleling regulatory approval pathways and technological advancements. Emerging trends reflect increased institutional and retail participation, suggesting Solana and similar assets might become more integral in future investment strategies.