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CI Galaxy Solana to trade on TSX

2025-04-14 16:08 ET - New Listing

The Toronto Stock Exchange reports that CI Galaxy Solana ETF will be listed at 5:01 p.m. on April 15, 2025, for trading at the open on April 16, 2025. According to the TSX, there will be 100,000 Canadian-dollar-denominated unhedged units and 100,000 U.S.-dollar-denominated unhedged units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The Canadian-dollar-denominated units will trade under the symbol SOLX.B and with Cusip No. 12574G 20 4, and the U.S.-dollar-denominated units will trade under the symbol SOLX.U and with Cusip No. 12574G 10 5.

The TSX reports that the ETF seeks to provide holders of units exposure to solana tokens through an institutional-quality fund platform. It does not intend to pay cash distributions on its units. The ETF's manager and trustee is CI Investments Inc., its transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and its fiscal year-end is Dec. 31.

As stated in its April 9, 2025, prospectus, the ETF is issuing 100,000 units at $10 (Canadian) per unit and 100,000 units at $10 (U.S.) per unit in its initial public offering. It expects to close the offering before the open on April 16, 2025. The designated market-maker is BMO Nesbitt Burns Inc.

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