Invesco Ltd. (NYSE: IVZ), a global provider of exchange-traded products (ETPs), in partnership with Galaxy Asset Management (Nasdaq: GLXY), a global enabler of digital assets and data center infrastructure, announced the launch of the Invesco Galaxy Solana ETP (QSOL). QSOL offers investors direct exposure to Solana (SOL) within a regulated ETP structure by tracking its spot price–measured by the Lukka Prime Solana Reference Rate.
Solana’s architecture and transaction model make it a foundational layer in the digital assets ecosystem.
Its environment has positioned it as a key enabler of Web3– “powering use cases from distributed data networks to AI-integrated applications.”
For Invesco and Galaxy, Solana represents an opportunity to broaden access to blockchain infrastructure “through investment vehicles–aligning with both firms’ commitment to democratizing digital asset exposure and supporting the future of decentralized technologies.”
QSOL expands Invesco’s digital assets ETP suite, together with the Invesco Galaxy Bitcoin ETP (BTCO), and the Invesco Galaxy Ethereum ETP (QETH).
These ETPs are supported by the experience of Invesco and Galaxy and designed to meet the needs of digital asset investors.
- BTCO stands out as one of the most efficient trackers of the spot price of bitcoin among competitors–with a -0.73% difference to spot bitcoin, and a +96% NAV return since inception 3. The Invesco and Galaxy partnership creates a more efficient product structure, contributing to a low total cost of ownership.
- QETH also complements the digital assets lineup by offering passive exposure to Ethereum (ETH), enabling investors to participate in the Ethereum ecosystem without the complexities of direct crypto ownership.
Supported by Coinbase Custody Trust Company, which “holds the fund’s SOL in institutional-grade storage, and Lukka Inc., which provides pricing data, QSOL is designed to meet standards for custody and valuation.”
QSOL will stake its SOL holdings “through Galaxy Digital Infrastructure, potentially generating staking rewards treated as income to the Trust.”
Structured as a grantor trust, QSOL supports both “cash and in-kind creations and redemptions at launch.”
The ETP is engineered to provide “access to Solana, while leveraging Galaxy’s operational expertise to enhance liquidity, tracking accuracy.”
QSOL will be listed “on the Cboe BZX Exchange.”
As stated in a release, Invesco Ltd. is one of the world’s asset management firms with “over 8,300 employees helping clients in more than 120 countries.”
With $2.1 trillion in assets under management as of Sept. 30, 2025, they deliver a “range of active, passive and alternative investment capabilities.”
Their mindset, breadth of solutions and global scale mean they’re positioned to help retail and institutional investors “rethink challenges and find new possibilities for success.”
As mentioned in the announcement, Galaxy Digital Inc. is a global firm focused on digital assets and data center infrastructure, “delivering solutions that accelerate progress in finance and artificial intelligence.”
Their digital assets platform offers institutional “access to trading, advisory, asset management, staking, self-custody, and tokenization technology.”
In addition, they develop and operate “data center infrastructure to power AI and high-performance computing workloads.”
Their 800 MW Helios campus currently based in in Texas, which has an additional “2.7 GW of power under study, positions Galaxy among the largest data center developments in North America.”
The company is headquartered in New York City, with additional offices “across North America, Europe, the Middle East, and Asia.”
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