This product is not tested for solubility. A literature search does not yield conclusive information regarding water solubility. Further experimentation would be necessary to determine this parameter. Please see the links below to review articles that may be helpful.
Well-defined nickel and palladium precatalysts for cross-coupling
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5637737/
Exploiting the trifluoroethyl group as a precatalyst ligand in nickel-catalyzed Suzuki-type alkylations
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6540912/