The QR Solana ETF (QSOL11) is a Brazilian exchange-traded fund designed to provide exposure to the price performance of Solana (SOL) through investments linked to an international benchmark associated with the cryptocurrency. 

The ETF is managed by QR Asset Management and administered by Vórtx Distribuidora de Títulos e Valores Mobiliários Ltda. It trades under the ticker QSOL11 on the B3, allowing investors to gain regulated exposure to Solana through the Brazilian stock exchange.

Classified as a cryptocurrency ETF, the fund follows a passive management strategy. Its objective is to track the CME CF Solana Dollar Reference Rate, calculated by CF Benchmarks, seeking to reflect the performance of Solana in the global digital-asset market.

Composition / Exposure profile

QSOL11 provides exposure primarily associated with:

• Indirect exposure to Solana (SOL).

• Blockchain technology.

• Smart-contract ecosystems.

• Decentralized applications (dApps).

• Digital-asset markets.

• Cryptocurrency investments.

• Global crypto-market dynamics.

• Alternative investment strategies.

The fund is designed to provide regulated access to Solana without requiring investors to directly acquire, store, or manage the cryptocurrency through exchanges or digital wallets.

Performance is generally influenced by Solana price movements, technological adoption, blockchain-network activity, regulatory developments, investor sentiment, and broader trends affecting the cryptocurrency market.

Structure and costs

QSOL11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee, in addition to costs associated with the index-replication structure and operational requirements necessary to maintain exposure to the underlying benchmark.

QSOL11 does not apply a performance fee and does not provide recurring income distributions, as gains and losses generated by the portfolio are reflected directly in the ETF’s share value.

History and evolution of the ETF

The QR Solana ETF was registered in 2024 with the objective of facilitating access to Solana through the Brazilian stock exchange using a regulated ETF structure linked to an international benchmark.

Since inception, the fund has become part of the growing cryptocurrency ETF segment in Brazil, reflecting increased investor interest in digital assets and blockchain-based technologies.

In recent periods, QSOL11 has reflected fluctuations in the global Solana market, influenced by technological adoption, blockchain innovation, macroeconomic conditions, regulatory developments, and broader trends across the cryptocurrency ecosystem.

Additional Information

QR Solana ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $94.20 million.

Over the past 12 months, QR Solana ETF recorded a return of -62.20%, with its price trading between $4.06 and $15.89 during the same period.

The ETF is traded under the ticker QSOL11.