QSOL becomes the newest product added to Invesco’s growing digital assets partnership with Galaxy.
Invesco Ltd., a leading global provider of exchange-traded products (ETPs), in partnership with Galaxy Asset Management, a global leader in 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.
“Our meaningful partnership with Galaxy brings digital native expertise to our growing suite of crypto-linked ETPs,” said Kathleen Wrynn, Global Head of Digital Assets at Invesco. “QSOL marks another step forward in Invesco’s commitment to innovation and leadership in digital assets. We see ETPs as a key component of our broader strategy, which includes expanding crypto-linked products, advancing asset tokenization and building partnerships across Web3.”
Solana’s high-performance architecture and low-cost transaction model make it a foundational layer in the evolving digital assets ecosystem. Its scalability and developer-friendly environment have positioned it as a key enabler of Web3 innovation–powering use cases from distributed data networks to AI-integrated applications and beyond. For Invesco and Galaxy, Solana represents a strategic opportunity to broaden access to next-generation blockchain infrastructure through investment vehicles–aligning with both firms’ commitment to democratizing digital asset exposure and supporting the future of decentralized technologies.
“Solana is one of the fastest growing and most innovative blockchain networks 1, and we’re thrilled to partner with Invesco to introduce QSOL,” said Steve Kurz, Global Head of Asset Management at Galaxy. “As one of the largest validators on the Solana network 2, Galaxy brings deep technical and market expertise to this launch. By combining Solana’s speed, scalability, and staking potential with the accessibility of an ETP structure, QSOL gives investors straightforward exposure to the network’s growth while participating in the broader evolution of digital assets.”
Read More on Fintech : Global Fintech Interview with Mike Lynch, Principal, AI Strategy and Finance Transformation for Auditoria
QSOL expands Invesco’s existing digital assets ETP suite, together with the Invesco Galaxy Bitcoin ETP (BTCO), and the Invesco Galaxy Ethereum ETP (QETH). These three ETPs are supported by the collective experience of Invesco and Galaxy and designed to meet the evolving 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 independent pricing data, QSOL is designed to meet institutional 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 regulated, transparent access to Solana, while leveraging Galaxy’s operational expertise to enhance liquidity, tracking accuracy, and investor confidence. QSOL will be listed on the Cboe BZX Exchange.
Catch more Fintech Insights : The Disappearing Payment: How Embedded Finance Is Quietly Reshaping B2B Transactions?
[To share your insights with us, please write to psen@itechseries.com ]
