Invesco and Galaxy Launch Staked SOL ETP on Cboe BZX as Crypto ETFs Post Mixed Performance
Wall Street's crypto embrace gets a Solana-powered upgrade.
Invesco and Galaxy Digital just flipped the switch on a new staked Solana exchange-traded product (ETP), listing it on the Cboe BZX Exchange. This isn't just another fund—it's a direct play on staking rewards, aiming to capture the yield that makes proof-of-stake networks tick. The move signals institutional confidence isn't limited to Bitcoin and Ethereum; it's probing the next layer of the crypto stack.
ETF Landscape: A Reality Check
The launch comes against a backdrop of uneven performance for existing crypto ETFs. While some have seen massive inflows, others are struggling to gain traction—a classic case of 'first-mover advantage' meeting 'investor fatigue.' It turns out that slapping a crypto label on a product doesn't guarantee a bull market in your prospectus.
Why Staking, and Why Now?
This product cuts out the technical hassle for investors. Instead of navigating validators and lock-up periods, you buy a share. The fund handles the staking mechanics, passing the rewards back—theoretically offering a 'yield-plus-growth' combo. It's a clever bypass of the traditional finance vs. decentralized finance divide, even if it does wrap a decentralized asset in a centralized package. A neat trick for the compliance department.
The Bigger Picture: Mainstreaming Crypto Yield
This launch does more than add another ticker. It legitimizes staking yield as a bankable asset class for the regulated world. Watch for other asset managers to follow suit, chasing the fee revenue from this new income stream. After all, in traditional finance, if there's a cash flow to be securitized and fee'd to death, someone will build a product around it.
Solana gets a major credibility boost from the Invesco-Galaxy partnership, while the mixed ETF performance serves as a reminder: in crypto, even Wall Street's best efforts can't always defy gravity. The race is on to see if yield can succeed where pure speculation has stalled.
Invesco and Galaxy co-launch third ETP
QSOL is the third crypto ETP jointly supported by Invesco and Galaxy, joining the Invesco Galaxy Bitcoin ETP and the Invesco Galaxy ethereum ETP. The suite is designed to give traditional investors access to major digital assets without direct custody or on-chain interaction.
The Bitcoin product has distinguished itself among peers by closely tracking spot BTC prices, posting a negative 0.73% difference versus spot and a 96% net asset value return since inception. Invesco-Galaxy’s Ethereum ETP, on the other hand, complements the lineup with a passive exposure to Ether.
The launch of QSOL comes as Solana-focused investment products attract renewed interest, even as the broader crypto market is trading within the red.
ETF netflows go negative on BTC and ETH, Solana and XRP see positives
On the same day QSOL began trading, US-listed crypto ETFs had mixed flows, with BTC and ETH holders suffering the chills of the ongoing winter while Solana and XRP’s institutional enthusiasm continued.
According to Farside Investors’ data, Bitcoin spot ETFs posted roughly $357.69 million in net outflows as of Monday’s close. Fidelity’s fund accounted for the largest share of redemptions at about $230 million, although BlackRock’s IBIT had no inflows or outflows. Additional withdrawals came from Bitwise, ARK Invest, VanEck, and Grayscale products totaling $127.5 million.
$ETH ETF recorded $224,800,000 in outflows 🔴 yesterday, reflecting continued selling pressure across Ethereum ETFs.
BlackRock led the sell-off, unloading $139,100,000 worth of ETH, accounting for the majority of the day’s negative flows. pic.twitter.com/CVwFxDQHJL
— Crypto Balkan (@TheCryptoBalkan) December 16, 2025
Ethereum spot ETFs also saw sustained selling pressure, with approximately $224.78 million exiting the category during the session. BlackRock led the outflows after unloading $139.09 million worth of ether-linked exposure.
Despite the heavy selling in bitcoin and Ether, Solana-linked ETFs moved in the opposite direction. Spot Solana products collectively recorded net inflows of $35.2 million on the day, according to aggregated flow data from SoSoValue.
Several issuers posted gains, with Fidelity’s Solana fund adding more than $38 million, 21Shares counting $250K, Grayscale’s GSOL recording $822K, but Bitwise took away over $4 million from the positives.
US spot XRP funds logged their 19th consecutive day of inflows by adding approximately $10.89 million. The streak has lifted cumulative inflows to $1 billion and pushed total assets under management to $1.18 billion. That figure leaves XRP ETFs less than $500 million behind Solana-focused products, which collectively hold about $1.64 billion in assets.
Crypto prices slide as liquidation scares take charge
The contrasting ETF flows unfolded against a backdrop of a price downturn in several of the top 10 ranking cryptocurrencies by market cap in the last 24 hours. Bitcoin fell to around $85,982 during US Tuesday morning trading, although a slight positive price correction trimmed its losses to just 2.8% in the day.
The selloff began after prices slipped below short-term technical support, causing Leveraged long liquidations clocking $169.77 million. Once the $89,000 support level was brought down by bears, automated sell orders wiped out $200 million in long positions from the broader market within an hour.
Ether followed Bitcoin’s downward trajectory and slid 6.3% to roughly $2,951, Solana dropped nearly 3% to about $128.44, and XRP declined 3.4% to $1.92.
Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
