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Invesco Galaxy Solana ETF
Invesco Galaxy Solana ETF launched in 2025 as a US spot ETF tracking Solana (SOL), co-sponsored by Invesco and Galaxy Digital.
Invesco Galaxy Solana ETF
Invesco and Galaxy Digital jointly filed for the Invesco Galaxy Solana ETF in late 2024, receiving SEC approval in 2025 — the first spot Solana ETF cleared for US trading (per SEC filings, 2025). The fund tracks the Solana network's native token, SOL, via the Lukka Prime benchmark. The product aims to give institutional and retail investors regulated exposure to Solana without self-custody or direct crypto exchange accounts. The ETF falls under Invesco's broader digital-asset lineup and Galaxy Digital's asset-management arm, which runs over $2.5B in crypto-focused funds. It charges an estimated expense ratio in line with spot Bitcoin ETFs. The structure involves coinbase custody for underlying holdings. Primary distribution targets US brokerages and retirement platforms. Team details remain undisclosed; the fund reports to SEC-regulated trust setup. Invesco manages $1.6T total assets; Galaxy Digital brings blockchain expertise. No additional offices beyond Invesco's Atlanta HQ and Galaxy's New York base have been identified. As of mid-2025, the fund's AUM was not publicly available, but analysts track daily flows (per Bloomberg, June 2025). No philanthropic vehicles are attached to the ETF. The structural differentiator is being a pure spot ETF for a non-Bitcoin/Ethereum cryptoasset — a first in US markets. This required regulatory approval beyond earlier futures-based products, signaling a shift in SEC posture toward diverse digital assets. It operates as a registered fund under the 1940 Act, unlike many crypto trusts.
General information
Firm type
Asset Manager
Year founded
2025
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
—
Principals
Galaxy Digital
Co-Sponsor
Invesco
Co-Sponsor
Sector focus
Frequently asked questions
Who manages the Invesco Galaxy Solana ETF?
The ETF is co-sponsored by Invesco and Galaxy Digital. Invesco handles fund administration and distribution; Galaxy Digital provides digital-asset expertise and index methodology. The fund's day-to-day operations follow standard ETF governance under SEC regulation (per SEC filings, 2025).
Is this a futures-based or spot crypto ETF?
It is a spot ETF, directly holding SOL tokens. This distinguishes it from earlier crypto ETFs that tracked futures contracts. The spot structure allows for direct price correlation to Solana's market price, minus fees (per the fund's prospectus, 2025).
What Solana index or benchmark does the ETF track?
The fund uses the Lukka Prime Solana Reference Rate, a regulated benchmark calculated by Lukka from multiple exchange prices. This mirrors the approach used by some spot Bitcoin ETFs (per Lukka press release, 2025).
Does the ETF pay dividends?
No. Solana is a proof-of-stake blockchain, but the ETF does not pass through staking rewards to investors. It only tracks SOL's price appreciation. Staking income, if any, goes to fund expenses (per the fund's prospectus, 2025).
What is the expense ratio of the Invesco Galaxy Solana ETF?
The precise expense ratio has not been disclosed in public filings as of mid-2025, but it is expected to align with Invesco's spot Bitcoin ETF fee structure, ranging from 0.39% to 0.60% annually (Altss estimate based on peer fees).
What are the tax implications for US investors?
As a registered ETF under the 1940 Act, it qualifies for pass-through taxation — similar to equity ETFs. Capital gains distributions are taxed as capital gains. Investors should consult a tax advisor for specific situations (per IRS guidelines, 2025).
How does Invesco's role differ from a pure crypto asset manager?
Invesco operates as a traditional asset manager distributing the ETF through its $1.6T platform, while Galaxy Digital contributes blockchain market insight and custody relationships. This hybrid structure combines institutional trust with crypto-native expertise (per Invesco and Galaxy Digital investor materials, 2025).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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