Cboe BZX Exchange has officially filed with the U.S. SEC to list the Invesco Galaxy Solana ETF, which aims to provide direct exposure to Solana along with staking rewards for investors. The ETF would be structured as a commodity-based trust, holding physical SOL tokens and staking a portion through trusted validators to earn yield, which could be treated as income for the fund.
If approved, it would be among the earliest Solana spot ETFs in the U.S., following the REX–Osprey Sol + Staking ETF that recently began trading. The ETF will use the Lukka Prime Solana Reference Rate, refreshed every 15 seconds from top exchanges like Binance, Coinbase, Kraken, and OKX.
Managed by Invesco Capital Management with Fidelity handling administration and distribution, the fund will utilize a third-party custodian with segregated cold wallets for enhanced security. The ETF supports both cash and in-kind redemptions, offering flexibility for institutional and retail investors alike.
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