Invesco has filed a regulatory notice to launch an exchange traded fund that tracks the spot price of the Solana cryptocurrency.
Solana is the native token (SOL) of the Solana blockchain. It is designed to support decentralised applications and crypto projects.
The filing, published on 25 June 2025, suggests a forthcoming launch of an ETF with Galaxy Digital. It will be listed on the CBOE BZX exchange under the symbol QSOL.
Invesco follows VanEck, Bitwise and Grayscale in launching a Solana ETF in the US.
BNY has been named as the custodian and administrator and Lukka Inc has been named as the third party benchmark data provider.
“The Trust’s investment objective is to reflect the performance of the spot price of SOL as measured using the Lukka Prime Solana Reference Rate, less the Trust’s expenses and other liabilities,” the company said in its filing.
“The Trust is passively-managed and the Sponsor does not actively manage the SOL held by the Trust. This means that the Sponsor does not sell Solana at times when its price is high or acquire Solana at low prices in the expectation of future price increases.
“It also means that the Sponsor does not make use of any of the hedging techniques available to professional Solana investors to attempt to reduce the risks of losses resulting from price changes.”
Invesco does not plan to use leverage, derivatives or any similar arrangements in seeking to meet the investment objective, it said.
