Invesco Galaxy Solana ETF

Invesco Galaxy Solana ETF is an exchange-traded fund structured as a Delaware statutory trust. The Trust issues common shares to track the performance of the spot price of Solana, as measured by the Lukka Prime Solana Reference Rate, while capturing staking rewards net of expenses and liabilities. It holds Solana in segregated custody and actively stakes substantial amounts of its holdings through node operators to generate additional rewards for investors. The Trust offers and redeems shares in large blocks solely through authorized participants and trades on the Cboe BZX Exchange.

The Trust operates without direct employees and relies on its sponsor, Invesco Capital Management LLC, alongside third-party service providers, for administration, asset custody, marketing, and execution services. The trustee maintains its principal address in Wilmington, Delaware, while the sponsor is headquartered in Downers Grove, Illinois, and the administrator operates out of New York, New York. Sol transactions and creation-redemption activities occur across digital platforms and over-the-counter markets.

Summary of the business section of Invesco Galaxy Solana ETF's latest annual report, written by StockData.