CI Global Asset Management and Galaxy Launch Solana ETF, Offering Zero Management Fees for Initial Period

CI Global Asset Management (CI GAM) has partnered with Galaxy Digital, a proven pioneer in digital asset management. Collectively, they are on the verge of launching the CI Galaxy Solana ETF (SOLX). This innovative new Exchange Traded Fund offers year-round investors and traders exposure to Solana (SOL), the fastest-growing blockchain network. For the first three months, SOLX will feature a 0% management fee, making it an attractive option for investors looking to enter the digital asset space.

The CI Galaxy Solana ETF (SOLX) is here, get yours today! It gives investors of all kinds a safe, secure, cost-efficient way to invest in Solana. This initiative combines the expertise of CI GAM, one of Canada’s largest investment firms, with Galaxy, a global leader in digital asset management. The ETF aims to provide a secure and accessible gateway to the Solana ecosystem, leveraging its speed, scalability, and staking potential.

Galaxy Digital Holdings Ltd. (TSX: GLXY) is a key player behind this launch, with its affiliate, Galaxy, acting as a sub-advisor for the Fund through Galaxy Digital Capital Management LP. Galaxy currently manages US$5.7 billion in assets over both passive, venture, and active investment strategies. This partnership combines Galaxy’s deep expertise in the digital assets ecosystem with Invesco’s investment capabilities to provide institutional quality access to this rapidly growing market.

“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,” - Steve Kurz, Global Head of Asset Management at Galaxy.

Galaxy's role extends beyond advisory services. Additionally, it will ensure efficient and secure operations by executing all SOL trading on behalf of the ETF and overseeing its staking arrangements. Galaxy is one of the largest validators on the Solana network, providing essential infrastructure and insights to support the ETF's objectives.

Galaxy is notable for being among the largest validators on the Solana network. We are using our specialized knowledge to help launch SOLX and offer our unique, insider industry experiences, honed over decades.

“As one of the largest validators on the Solana network, Galaxy brings deep expertise to support the launch of SOLX and offer valuable industry insights. Introducing Solana’s combination of speed, scalability, and staking potential through an ETF wrapper provides investors with direct exposure and opportunities for additional yield through staking rewards within the evolving landscape of digital assets.” - Steve Kurz, Global Head of Asset Management at Galaxy.

It’s the ETF’s structure that really sets it up to give investors confidence. As with all digital financial assets, SOL holdings are stored in offline cold storage with the subcustodians, providing another layer of protection from any potential cyber threats. Focusing on security is very important, but CI GAM and Galaxy handle it in a very professional manner. This unique combination provides a safer play for experienced digital asset investors while engaging new investors, making SOLX an attractive option.

CI GAM further committed to waiving the management fee for the first three months. This opening underscores its mission to provide affordable and equitable access to digital assets. There is little doubt that this move will attract billions in investor interest. Most importantly, they’re excited to tap into the growth power of decentralized finance.

“The fee waiver demonstrates our commitment to providing investors with convenient exposure to emerging digital asset classes and the remarkable growth potential of decentralized finance,” - Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.

Solana has quickly become one of the most popular blockchain networks, recognized for its lightning-fast transaction speeds and minimal fees. Its unique architecture allows for the creation of decentralized applications (dApps). This architecture enables many cool use cases including decentralized finance (De Fi) and non-fungible tokens (NFTs). This ease of use has made Solana the de-facto hub for developers and users, increasing its ecosystem’s growth at an incredible rate.

“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.” - Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.

Galaxy’s participation means SOLX will benefit from Galaxy’s deep experience managing large-scale digital assets. The firm combines proven expertise with innovative solutions, making it a trusted partner for institutions and individuals looking to navigate the complexities of the digital asset market. Galaxy's global presence, with headquarters in New York City and operations across North America, Europe, and Asia, further enhances its ability to provide comprehensive support for SOLX.

Galaxy Digital is a leader in the digital asset and blockchain technology sector, powering the growing digital economy. As a global leader in managing digital assets and blockchain exposures, Galaxy is dedicated to providing institutional-quality access to the digital assets ecosystem.

The launch of SOLX is yet another milestone in the evolution of digital asset investment products. Meanwhile CI GAM in Canada and Galaxy Digital have announced the first ETF to invest directly in Solana. This program provides investors a clear, legal, and accessible way to participate in the development of this exciting and novel blockchain network. The ETF's eligibility for registered plans makes it a convenient option for investors looking to incorporate digital assets into their long-term investment strategies.

“Investors benefit from liquidity, real-time pricing, eligibility for registered plans, and the professional management provided by CI GAM, one of Canada’s largest investment firms, and Galaxy, a global leader in managing digital assets. The ETF’s sub-custodians also store SOL holdings in offline cold storage, providing an additional layer of security.” - Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.

Galaxy’s expertise in digital asset management paired with its deep understanding of blockchain technology makes it a uniquely qualified partner. This understanding is paramount to striking the right balance of risks and opportunities posed by a digital asset investment. As an example, Galaxy is an active validator on the Solana network. It is a reflection of its deep commitment to the long-term health of the ecosystem.

Like CI Galaxy Solana ETF (SOLX), Canada’s first Solana ETF, this new ETF holds a historical config. CI GAM and Galaxy collaborated to develop this ETF. There’s never been a better time for investors to find exposure to Solana — and subsequently, one of the world’s most exciting blockchain networks. This first-fee waiver is a big draw for investors to SOLX. Combined with the ETF’s stronger security frameworks and professional management, it joins an attractive option for investors keen to find out what digital assets can do.