Invesco and Galaxy Digital filed a registration statement with the SEC for the Invesco Galaxy Solana ETF, which could trade under the ticker symbol QSOL on the Cboe BZX Exchange.
Key players in the ETF structure include Invesco Capital Management LLC as the fund sponsor, The Bank of New York Mellon as the administrator, Galaxy Digital managing Solana (SOL) tokens, and Coinbase Custody Trust Company, LLC as the custodian of the underlying SOL assets.
The filing reflects a trend of expanding crypto ETF offerings beyond Bitcoin and Ethereum, with Solana attracting interest for its high-speed, low-cost transactions.
If approved, QSOL would offer direct exposure to Solana as one of the first U.S.-listed products, potentially paving the way for mainstream accessibility to Layer 1 tokens through traditional investment vehicles.