The Market Online speaks with 3iQ Solana Staking President & CEO, Pascal St.Jean as 3iQ Becomes Canada's Largest Solana ETF Following Launch with AUM of C$90 Million.
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00:00Welcome to The Watchlist. I'm Lindsay Malchak. 3iQ Corp, a global pioneer in digital asset
00:12investment solutions, is pleased to announce that after its first two days of trading on
00:17the Toronto Stock Exchange, the 3iQ Solana staking EFT has amassed $90 million Canadian.
00:24And here to ring the bell louder for us with all of the scoop is President and CEO Pascal
00:29St-Jean. Wow, Pascal, I mean, this is mind-blowing news. Congratulations.
00:35Thank you so much. We're so pleased with the success out of the gate and just the confidence
00:41we've gotten from investors, both institutional and retail, since our launch last week.
00:46Absolutely. And this, you know, this is a very competitive space that you're in. So
00:50my question right out of the gate then for sure would be what factors do you attribute to this
00:56rapid adoption and really how does it reflect investor confidence in Solana as a digital asset?
01:02So I really think there's two things to look at. One is 3iQ as a brand and the other is the work
01:06we've done over the past several years. So as pioneers in this space, we do a lot of work
01:11educating regulators, which is how we were able to be the first ETF in North America to stake with
01:17our Ethereum product a few years ago. And so that coming into Solana allowed us to package a lot of
01:22innovation in ETFs. So you're not just getting exposure to Solana, you're also getting exposure
01:26to the staked asset. And that was very compelling because that's something right now that although
01:31Solana is not available in the U.S. just yet, it's still something that's on edge. They're not sure if
01:36the ETFs that are proposed in the U.S. are even going to have staking. So that allowed us to attract
01:41institutional demand as well as a lot of retail interest. And so for that, it made it a clear winning
01:47product in the market after launch here in Canada. That's a great kickoff right there. Now 3iQ's
01:54history of pioneering digital asset investment solutions really did include the first publicly
01:59traded Bitcoin and Ether funds in Canada. So how does this launch align with your long-term vision
02:05for the company's role in the evolving digital asset landscape? So it just continues in our mission.
02:10Our mission has always been the same and continues to be the same, which is to bring safe, secure,
02:15simple access to Canadians and all the world, 3iQ's a global company now, to the world of digital
02:22assets. And so this continues on our mission. We wish we could have launched this much earlier,
02:26of course, because it's been almost five years now since our Bitcoin and Ether fund launches.
02:31But it takes time to educate, to work with industry, to work with regulars, and we're not afraid to do
02:37the work. And so we've been doing it for the past several years after our launch, and we're super proud
02:42about the Solana launch because of all that work. Amazing. Did you think that it would hit that high
02:47right out of the gate? We had hopes, but I could tell you I'm a hard person to please, and this has
02:53met above and beyond my expectations. So we had high hopes, but this is even beyond what the team had
02:59hoped for, and we're super thrilled. Well, this is a definite talk to your accomplishment, and we
03:04will be keeping our eyes peeled for more to come, and please do come back and join us again.
03:08Absolutely. My pleasure. Again, that was Pascal Saint-Jean, President and CEO of 3iQ Corp. Their
03:14website is 3iq.io. Stay up to date on all of this news and so much more right here on stockouts.com.
03:23I'm Lindsay Melchuk. We'll see you next time.