The Invesco Galaxy Solana ETF (QSOL) filed a Form 8-K on November 5, 2026, disclosing two significant agreements regarding its operational infrastructure. The Trust entered into a Master Loan Agreement with Coinbase Credit, Inc., and Coinbase, Inc., to facilitate its staking activities.
Under the Master Loan Agreement, Coinbase Credit serves as the lender for a multiple-draw secured digital asset borrowing facility. The agreement allows the Trust to borrow specified quantities of digital assets or cash, with no fixed aggregate cap on the total amount that can be borrowed. The loans are secured by a first-priority security interest in collateral held in a collateral account at Coinbase. The Trust is required to pay a daily accruing Loan Fee at the annual rate specified for each loan and must redeliver the assets by the termination date. The Sponsor anticipates utilizing these loans to facilitate the Trust’s SOL staking activities as soon as practicable.
In addition to the financing arrangement, the Trust executed a Digital Asset Custody Agreement with The Bank of New York Mellon (BNYM) on November 6, 2026. The agreement grants BNYM the responsibility to establish and maintain segregated custody accounts for the Trust’s SOL holdings. The custodial services are intended to supplement the Trust’s existing arrangement with Coinbase. The DAC Agreement has an initial term of five years, with automatic one-year renewal terms thereafter, unless terminated by either party with prior notice.
