Invesco and Galaxy Asset Management have introduced the Invesco Galaxy Solana ETP, trading under the ticker QSOL, providing investors with regulated exposure to Solana’s spot price. The product tracks the Lukka Prime Solana Reference Rate and is structured as a grantor trust supporting both cash and in-kind creations and redemptions.
The launch expands Invesco’s digital assets partnership with Galaxy, which already includes Bitcoin and Ethereum ETPs. Solana’s high-throughput architecture and growing developer ecosystem have made it an increasingly prominent network within institutional digital asset strategies, particularly for applications spanning decentralized finance, data infrastructure, and AI-linked use cases.
QSOL is supported by institutional custody through Coinbase Custody Trust Company, with pricing data provided by Lukka. Galaxy will also manage staking of the fund’s SOL holdings, with potential rewards treated as income, reflecting broader efforts by asset managers to integrate yield-generating features into regulated crypto investment vehicles.
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