Solana ETF Update: Invesco Galaxy Reveals 0.25% Fee as SOL Tests Key Support

The update reveals new information on the ETF’s structure, including its sponsor fee, initial seed capital, and planned listing on the Cboe BZX Exchange under the ticker QSOL.

The revised filing outlines a 0.25% sponsor fee, which the issuer reserves the right to waive at its discretion. Seed investor Invesco Ltd provided an initial $100,000 by purchasing 4,000 shares of the trust, forming the ETF’s starting capital. The document also includes an independent review by PricewaterhouseCoopers LLP, confirming the transparency and compliance of the fund’s reporting structure.

Once the remaining S-8 and CERF filings are processed, the ETF is expected to go auto-effective, allowing trading to begin on the Cboe exchange later this month.

ETF Race Intensifies Among Solana Products

Invesco Galaxy’s move comes shortly after the debut of Bitwise’s BSOL and Grayscale’s GSOL Solana ETFs, both of which began trading last week. The two funds have collectively attracted nearly $199 million in inflows, underscoring the growing institutional appetite for Solana-based investment products.

Despite the ongoing government shutdown slowing some regulatory processes, Invesco Galaxy remains on track to secure approval. If cleared, QSOL will join an increasingly competitive Solana ETF market dominated by early entrants like Bitwise and Grayscale.

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Solana Price Faces Pressure Amid Market Correction

At the time of writing, Solana (SOL) is trading near $175, down roughly 6.8% over the past 24 hours, according to Binance data. The token briefly dipped to $173 during the session, testing a key support zone that previously acted as a rebound level in late September.

The Relative Strength Index (RSI) currently sits at 36.89, signaling oversold conditions, while the MACD continues to trend downward, suggesting bearish momentum in the short term. A decisive break below $170 could open the door to further declines toward the $155–$160 range, while a rebound above $185 may restore short-term bullish sentiment.

The timing of Invesco Galaxy’s ETF progress coincides with increased volatility across the Solana market, as traders weigh institutional interest against near-term price weakness. Still, analysts expect long-term demand for Solana exposure to remain strong once ETF trading officially begins.

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