Sol Strategies has been selected as the staking provider for 3iQ Corp’s Solana ETF. This partnership aims to enhance institutional exposure to Solana staking, allowing for substantial investment to be funneled into the ecosystem.

Under the memorandum of understanding, Sol Strategies can invest up to 15 million USD, representing 33.33% of the ETF’s total assets, for a minimum of three months. This move underscores their expertise in navigating regulatory frameworks.

Sol Strategies has ramped up its operations, increasing its holdings to 218,903 SOL. This expansion not only boosts their revenue from staking but also improves the overall security and decentralization of the Solana network.