Invesco and Galaxy Asset Management have expanded regulated access to Solana through the launch of the Invesco Galaxy Solana ETP, listed under the ticker QSOL. The product enters the market as demand for compliant digital asset exposure continues to grow among institutional investors.
Besides broadening Invesco’s crypto-linked lineup, QSOL reflects a wider push to package blockchain infrastructure into familiar investment vehicles. Consequently, Solana now joins Bitcoin and Ethereum as part of Invesco and Galaxy’s exchange-traded product suite, offering exposure without direct token custody.
QSOL Strengthens Regulated Access to Solana
According to the press release, QSOL tracks Solana’s spot price using the Lukka Prime Solana Reference Rate, providing transparent pricing and daily valuation. Additionally, the product operates within a regulated ETP structure, which aligns with institutional compliance requirements.
Coinbase Custody Trust Company safeguards the underlying SOL, while Lukka supplies independent pricing data. Hence, the structure aims to reduce operational risks that often concern large investors.
Kathleen Wrynn, Global Head of Digital Assets at Invesco, has emphasized the strategic importance of expanding crypto-linked ETPs alongside tokenization initiatives. Moreover, the Solana ETP complements existing offerings tied to Bitcoin and Ethereum, reinforcing Invesco’s multi-asset digital strategy. Galaxy contributes infrastructure expertise, including validator operations on the Solana network, which supports staking activity within the product.
Galaxy’s Role and Network Exposure
Steve Kurz, Global Head of Asset Management at Galaxy, has highlighted Solana’s rapid network development and its relevance across Web3 and AI-linked applications. QSOL stakes its SOL holdings through Galaxy Digital Infrastructure, allowing the trust to earn staking rewards treated as income. Consequently, investors gain both price exposure and potential yield within a single vehicle.
The ETP operates as a grantor trust and supports both cash and in-kind creations and redemptions. Significantly, this structure improves liquidity and tracking efficiency while maintaining transparency. QSOL trades on the Cboe BZX Exchange, placing Solana exposure within a familiar equity-style trading environment.
Solana Price Action Reflects Range-Bound Trading
The launch coincides with near-term pressure in Solana’s spot market. SOL trades at $126.13, reflecting a daily decline of 3.59% and a weekly drop exceeding 7%.
Additionally, trading volume remains elevated near $4.8 billion, signaling active positioning despite weaker price action. Solana’s market capitalization now stands near $70.8 billion, supported by a circulating supply of roughly 560 million tokens.
Source: X
Crypto Tony has described current SOL action as range-bound rather than directional. He notes that price continues to respect a defined structure on lower timeframes.
Moreover, support remains concentrated between $129 and $130, while resistance caps price near $134. Consequently, the market favors short-term range strategies until a decisive breakout occurs.
Source: https://coinpaper.com/13127/invesco-and-galaxy-launch-solana-etp-as-institutional-access-expands
