Could SOLX ETF’s Bloomberg Galaxy Solana Index Tracking Drive On‑Chain Yield for Investors?

The fund holds SOL tokens directly, tracks Bloomberg Galaxy Solana Index, employs cold storage through sub‑custodians, boosting security. Galaxy executes all SOL trading and manages staking, allocating at least sixty‑five percent rewards back to ETF investors. CI Global Asset Management, together with Galaxy Asset Management, opened trading in the CI Galaxy Solana ETF on the Toronto Stock Exchange this morning. The fund, listed as SOLX.B in Canadian dollars and SOLX.U in U.S. dollars, gives public‑market investors direct exposure to the Solana token. “Solana has become one of the core blockchain networks driving innovation and change, making SOLX a timely addition to our lineup of cryptocurrency investment solutions.” – said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. The manager set the headline fee at zero per cent until 16 July 2025, waiving the usual 0.35 per cent charge. Subsequently, the regular rate may apply. Galaxy executes token purchases for the fund and manages a staking plan that seeks extra yield. Under the arrangement, at least 65 per cent of staking rewards will flow back to unitholders, while CI may retain up to 35 per cent for administration. “We’re excited to partner with CI to bring the CI Galaxy Solana ETF to investors and offer easy access to one of the fastest-growing and most innovative blockchain ecosystems,” said Steve Kurz, Global Head of Asset Management at Galaxy. Additionally, the portfolio stores its digital assets in offline cold wallets through sub‑custodians, lowering operational risk. The fund tracks the Bloomberg Galaxy Solana Index, a single‑asset gauge that prices SOL in U.S. dollars. Daily net asset value will reflect the index reading plus any staking income, less expenses once the waiver ends. Meanwhile, Solana’s network processes payments, smart contracts and web3 projects at high throughput and low cost. These traits have drawn developers and users, strengthening the case for a listed product tied to the token. Furthermore, CI Global Asset Management expands its digital‑asset shelf with SOLX. Earlier offerings cover Bitcoin, Ethereum, a multi‑crypto basket and a blockchain equity index. The firm was the first worldwide to introduce both an Ethereum exchange‑traded fund and a matching mutual fund. For investors, the new listing provides liquidity, real‑time pricing and eligibility inside Canadian registered plans. Exact exposure depends on market performance of SOL and the success of staking operations. As always, price swings in digital assets remain sharp; yet, for some, the ETF format brings a layer of structure to an arena often described as the wild frontier of finance. Finally, trading in SOLX begins today at market open and will follow the regular hours of the Toronto Stock Exchange. Source: Tradingview Solana (SOL) is currently trading at $131.53, reflecting a modest 0.16% daily gain and a solid 10.53% increase over the past w in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “The fund holds SOL tokens directly, tracks Bloomberg Galaxy Solana Index, employs cold storage through sub‑custodians, boosting security. Galaxy executes all SOL trading and manages staking, allocating at least sixty‑five percent rewards back to ETF investors. CI Global Asset Management, together with Galaxy Asset Management, opened trading in the CI Galaxy Solana ETF on the Toronto Stock Exchange this morning. The fund, listed as SOLX.B in Canadian dollars and SOLX.U in U.S. dollars, gives public‑market investors direct exposure to the Solana token. “Solana has become one of the core blockchain networks driving innovation and change, making SOLX a timely addition to our lineup of cryptocurrency investment solutions.” – said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. The manager set the headline fee at zero per cent until 16 July 2025, waiving the usual 0.35 per cent charge. Subsequently, the regular rate may apply. Galaxy executes token purchases for the fund and manages a staking plan that seeks extra yield. Under the arrangement, at least 65 per cent of staking rewards will flow back to unitholders, while CI may retain up to 35 per cent for administration. “We’re excited to partner with CI to bring the CI Galaxy Solana ETF to investors and offer easy access to one of the fastest-growing and most innovative blockchain ecosystems,” said Steve Kurz, Global Head of Asset Management at Galaxy. Additionally, the portfolio stores its digital assets in offline cold wallets through sub‑custodians, lowering operational risk. The fund tracks the Bloomberg Galaxy Solana Index, a single‑asset gauge that prices SOL in U.S. dollars. Daily net asset value will reflect the index reading plus any staking income, less expenses once the waiver ends. Meanwhile, Solana’s network processes payments, smart contracts and web3 projects at high throughput and low cost. These traits have drawn developers and users, strengthening the case for a listed product tied to the token. Furthermore, CI Global Asset Management expands its digital‑asset shelf with SOLX. Earlier offerings cover Bitcoin, Ethereum, a multi‑crypto basket and a blockchain equity index. The firm was the first worldwide to introduce both an Ethereum exchange‑traded fund and a matching mutual fund. For investors, the new listing provides liquidity, real‑time pricing and eligibility inside Canadian registered plans. Exact exposure depends on market performance of SOL and the success of staking operations. As always, price swings in digital assets remain sharp; yet, for some, the ETF format brings a layer of structure to an arena often described as the wild frontier of finance. Finally, trading in SOLX begins today at market open and will follow the regular hours of the Toronto Stock Exchange. Source: Tradingview Solana (SOL) is currently trading at $131.53, reflecting a modest 0.16% daily gain and a solid 10.53% increase over the past w” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.