June 13, 2025
SOLX: Digital Asset Innovation
When it comes to digital technology, Solana is emerging as a key driver within the cryptocurrency landscape. An innovative player in blockchain platforms, it offers high-speed, low-cost execution with ease of scalability. Solana tokens (SOL) represent one of the world’s largest digital currencies by market capitalization and it’s SOL that powers the fast-growing Solana blockchain network.
Galaxy Digital (Galaxy) is a proven digital asset innovator that uses its blockchain technology to help power the growing digital economy. Galaxy has long been embedded in the Solana ecosystem, both as an investor and a major validator securing the blockchain network. CI Global Asset Management (CI GAM) equally strives to be at the forefront of digital asset innovation. While becoming a leader in this thriving industry, CI GAM was the world’s first company to offer both an Ethereum ETF and Ethereum mutual fund. To provide institutional-quality access to digital assets, it’s not surprising that we have once again joined forces to launch CI Galaxy Solana ETF (SOLX), which began trading in mid-April 2025 on the Toronto Stock Exchange under ticker symbols SOLX.B and SOLX.U.
Society is rapidly moving toward and embracing digital asset applications like payment processing, non-fungible tokens, and decentralized finance models. Many investors are intrigued by the game-changing potential of cryptocurrencies and the entire realm of digitization. However, investing in this complex and disruptive technology can seem intimidating since the field is constantly evolving as innovations take shape.
That’s why an investment solution like SOLX stands out. It sits squarely at the intersection of innovation and convenience, empowering investors who seek physically settled SOL exposure to participate in a secure and highly accessible manner using the familiar, liquid structure of ETFs.
What sets SOLX apart?
The Solana network offers a combination of speed, efficiency and ease of use as it supports a wide and expanding variety of digital asset applications. SOLX invests directly in SOL tokens and intends to stake a portion of its SOL holdings to earn rewards of additional SOL tokens. Staking is part of a process that validates transactions and helps secure the Solana network. It’s anticipated that at least 65% of the net rewards from this staking activity will accrue to SOLX, providing the ETF’s investors with an additional opportunity for yield.
In developing and managing SOLX, Galaxy offers expertise in staking and the overall digital asset infrastructure. Galaxy also has an established track record working with CI GAM, partnering on the CI Galaxy Bitcoin ETF (BTCX.B) and CI Galaxy Ethereum ETF (ETHX.B) which launched in spring of 2021.
While SOLX features a competitive management fee of 0.35%, it’s noteworthy that this ETF has launched with a management fee of 0%, as CI GAM is fully waiving the management fee until July 16, 2025.
SOLX provides investors with institutional-grade access to Solana in a convenient product format, plus it offers enhanced security through two sub-custodians (Gemini Trust Company, LLC and Coinbase Entities) rather than adhering to a single-custodian model. Furthermore, digital assets exhibit low correlation to other asset classes like traditional stocks and bonds, helping investors to effectively diversify an investment portfolio.
For a compelling, straightforward and innovative way to invest in the reshaping of the growing digital asset landscape, consider CI Galaxy Solana ETF.
About the Author
Galaxy Asset Management LP is a diversified investment subadvisor with a team of long-tenured institutional experienced professionals managing third-party capital across traditional and alternative asset classes, with strong relationships and connectivity in the digital asset, cryptocurrency and blockchain technology sector.
IMPORTANT DISCLAIMERS
CI Galaxy Solana ETF (the “ETF”) is an exchange traded mutual fund that invests in SOL, digital assets that are created and transmitted through the operations of the Solana Network. Given the speculative nature of digital assets, including SOL, and the volatility of SOL markets, there is no assurance that the ETF will be able to meet its investment objective. An investment in the ETF is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the ETF is considered high risk.
CI Bitcoin Fund, CI Ethereum Fund, CI Galaxy Bitcoin ETF, CI Galaxy Ethereum ETF, and CI Galaxy Multi-Crypto ETF and CI Galaxy Solana ETF (the “CI Cryptocurrency Funds”) are mutual funds and exchange-traded funds that invest in the digital cryptocurrencies. Given the speculative nature of cryptocurrency and the volatility of the cryptocurrency markets, there is no assurance that the CI Cryptocurrency Funds will be able to meet their investment objectives. An investment in the CI Cryptocurrency Funds is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the CI Cryptocurrency Funds is considered high risk.
Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated.
This document is provided as a general source of information and should not be considered personal, legal, accounting, tax, or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
The CI Galaxy Solana ETF is an alternative mutual fund and has the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. Galaxy Digital Capital Management LP is the subadvisor for the Fund. CI Global Asset Management is the manager, trustee, and promoter of the Fund.
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