CME CF Solana Dollar Reference Rate NY Variant: An Alternative Cryptocurrency Benchmark

The 3iQ Solana Staking ETF (SOLQ.U) recorded a 10.65% price increase to 5.92 on June 27, 2026, according to data from MSN Finance. The fund, issued by 3iQ, tracks the Solana cryptocurrency and incorporates staking rewards into its value proposition, utilizing the CME CF Solana-Dollar Reference Rate – NY Variant as its pricing benchmark.

Why did the 3iQ Solana Staking ETF price increase?

The asset rose by 0.5699 per share, reaching a value of 5.92 on June 27, 2026. This price movement reflects the underlying performance of Solana and the impact of staking yields managed by 3iQ. While the fund does not currently list a trailing twelve-month (TTM) dividend, the “staking” component of the ETF means the fund earns rewards by participating in the Solana network’s consensus mechanism.

Unlike a standard spot ETF that simply holds the cryptocurrency, a staking ETF actively earns a yield. This is achieved by locking the held SOL tokens to help validate transactions on the blockchain, a process that generates additional tokens as a reward.

How is the fund’s value calculated?

The fund relies on the CME CF Solana-Dollar Reference Rate – NY Variant for its indexing and valuation. This rate serves as an institutional-grade benchmark, aggregating price data from multiple exchanges to provide a consistent and transparent market price for Solana.

Using a standardized reference rate like the CME CF variant reduces the risk of price manipulation and ensures that the ETF’s net asset value (NAV) aligns with the broader institutional market rather than a single exchange’s volatility.

What is the role of 3iQ in this asset?

3iQ acts as the issuer and manager of the SOLQ.U ETF. The firm specializes in providing regulated access to digital assets for investors who prefer traditional brokerage accounts over managing private keys or using cryptocurrency exchanges.

By managing the staking process, 3iQ handles the technical requirements of validator operation or delegation. This removes the operational burden from the investor while allowing the ETF to capture the staking yield, which typically increases the fund’s total return compared to non-staking alternatives.

How does staking impact ETF performance?

Staking is a core feature of Solana’s Proof-of-Stake (PoS) architecture. In this system, token holders “stake” their assets to support network security and earn rewards in return. For an ETF, this creates a dual source of potential growth: the appreciation of the token’s market price and the accumulation of staking rewards.

This structure creates a distinction between the SOLQ.U fund and simple cryptocurrency holdings. A holder of the physical token must manage their own staking through a wallet; a holder of the 3iQ ETF receives the economic benefit of that staking through the fund’s share price performance.