CI Global, Galaxy Launch Solana ETF With 0.35% Fee Waiver Until 2025

CI Global Asset Management and Galaxy Asset Management have jointly launched the CI Galaxy Solana ETF, which is now available for trading on the Toronto Stock Exchange under the tickers SOLX.B and SOLX.U. This ETF provides investors with direct exposure to Solana tokens and offers a unique feature: a waived management fee of 0.35% until July 16, 2025. The ETF is managed by CI Global Asset Management and sub-advised by Galaxy, with the aim of providing easy access to the Solana blockchain, one of the fastest-growing ecosystems in digital assets. Additionally, the ETF engages in Solana token staking to generate additional rewards for investors.

This launch is significant as it offers investors a regulated and straightforward way to gain exposure to the Solana blockchain. The waived management fee until mid-2025 makes it an attractive option for those looking to invest in Solana without incurring immediate costs. The ETF's staking feature further enhances its appeal by providing additional returns through staking rewards. This move by CI Global Asset Management and Galaxy Asset Management underscores their commitment to innovation in the digital asset space and their efforts to make blockchain investments more accessible to a broader range of investors.

Purpose Investments has also launched the Purpose Solana ETF, the first ETF to offer direct physical exposure to Solana tokens coupled with native staking yield. This ETF, trading on the TSX, provides regulated access to Solana's blockchain, emphasizing security, high staking rewards, and operational efficiency. This expansion highlights Purpose Investments' role as a leader in digital asset ETF innovation and its broad suite of crypto investment options. The launch of the Purpose Solana ETF further diversifies the investment landscape for those interested in Solana, offering another regulated and efficient way to gain exposure to this growing blockchain ecosystem.