Get Ready for the Solana ETF: Invesco and Galaxy Digital Jump In
Firm Submission: Invesco and Galaxy Digital Apply for Solana Exchange-Traded Fund (ETF)
Gearing up for a game-changer in the crypto world, Invesco and Galaxy Digital Asset Management are jumping aboard the Solana ETF train! In a bold move, they have registered "Invesco Galaxy Solana ETF" with the Delaware Division of Corporations on June 12, 2025[1][3].
This registration paves the way for seeking approval from the U.S. Securities and Exchange Commission (SEC), with the following steps: filing a Form S-1[1][3]. The regulatory review process fires up once they've taken this leap.
The Green Light from SEC?
Solana's bright future might be within reach, thanks to a strong 90% probability of SEC approval[2][3]. Exciting conversations between Solana ETF hopefuls and the SEC are unfolding, focusing on details, such as in-kind redemptions and staking within the ETF structure[1][5]. If successful, Solana would be the first to include staking rewards within an ETF — a major step forward in its operation[4].
While Grayscale is working hard on converting its existing Solana Trust into a fully regulated ETF[6], the SEC has yet to make a call on that application.
Bets on the Solana ETF
Traders have high hopes, with Polymarket pricing an astounding 91% chance of Solana ETF approval before year-end[7]. Though the SEC's final decisions loom in October, swift progress means we might see decisions roll in ahead of schedule[7].
If everything goes according to plan, Solana will join Bitcoin and Ethereum, offering spot ETFs on Wall Street[7]. Stay informed as we ride the Solana wave together!
By the way, other players like Fidelity, VanEck, Franklin Templeton, Bitwise, 21Shares, and Canary Capital are also toeing the same line[6]. Let's keep an eye on this thrilling race!
Related Reads:
- US SEC Delays Decision on Bitwise Dogecoin ETF, Grayscale HBAR ETF
- SEC Starts Review of Valkyrie's Bitcoin ETF Application
- Grayscale Sues SEC Over Bitcoin Trust's Conversion to ETF
- What is Staking in Crypto: Easy Explanation for Beginners
- SEC to Review Fundroot's Ethereum ETF Application
- Why Solana Could Be the Next Big Thing in Cryptocurrencies
- Top 10 Cryptocurrencies That Could Skyrocket in 2025
[1] Delaware Division of Corporations: https://corp.delaware.gov/[2] Bloomberg: https://www.bloomberg.com/[3] Invesco: https://www.invesco.com/[4] Securities and Exchange Commission (SEC): https://www.sec.gov/[5] CME Group: https://www.cmegroup.com/[6] Grayscale: https://grayscale.com/[7] Polymarket: https://polymarket.com/concurrent-events/will-a-solana-etf-launch-in-2025-before-the-end-of-year/
Investors are eagerly anticipating the potential approval of the Solana ETF, with a predicted 91% chance of SEC approval before the end of the year. This approval could see Solana join the ranks of Bitcoin and Ethereum as a spot ETF on Wall Street.
Invesco and Galaxy Digital Asset Management have taken a pioneering step by registering the "Invesco Galaxy Solana ETF" with the Delaware Division of Corporations, setting in motion the process for the SEC's review and potential approval.
Other major players in finance, like Fidelity, VanEck, and Bitwise, are also exploring the creation of ETFs based on different cryptocurrencies, creating a thrilling race to watch.
In the meantime, the SEC is also reviewing applications for ETFs based on other cryptocurrencies, such as Grayscale's Solana Trust and Ethereum ETF applications. Stay informed as we navigate this exciting era of technology and finance!
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