- Invesco and Galaxy Digital have officially applied to launch a Solana ETF.
- The proposed ETF will offer investors a regulated way to access Solana tokens.
- The fund’s strategy involves staking Solana assets in order to increase its revenue.
Invesco and Galaxy Digital have submitted proposals with the United States Securities and Exchange Commission (SEC) to list a spot in the Solana ETF, becoming the ninth company to enter the race. One proposed investment vehicle is the Invesco Galaxy Solana ETF, which would follow the price of the Solana (SOL), the sixth-largest cryptocurrency by market capitalization, as of now.
The exchange in which the ETF will be traded is the Cboe BZX Exchange under ticker symbol QSOL. The custodian will be the Bank of New York Mellon, which will be the administrator and custodian of the underlying Solana assets, and Coinbase Custody, which will be the custodian. The fund also has the option of pegging some of its Solana holdings to claim additional token rewards as per the filing and this would be regarded as revenue to the trust.
The entry of Invesco and Galaxy into the Solana ETF market is an indication of the growing institutional interest in altcoins besides Bitcoin and Ethereum. The companies will be joining the market with already established companies such as VanEck, Bitwise, Grayscale, Fidelity, and others, all of which are awaiting SEC approval to be able to offer regulated access to Solana.
High Approval Odds and Market Implications
Source – Polymarket
According to the market prediction, there is a high probability of Solana ETFs being approved in 2025, with a 99 percent chance of approval by the year-end, as shown by Polymarket data. Such a confidence increase means the spirit of acceptance of the transparency of the legislation, besides the increasing awareness of Solana being one of the most powerful blockchain assets in mainstream society.
Issuing a Solana ETF would give an investor a regulated means of gaining exposure to Solana without necessarily having any of it themselves, which would attract institutional funds of a large size. The staking of Solana in the ETF form is also possible to optimize the interests in order to produce extra tokens.
The Securities and Exchange Commission (SEC) has until October 10, 2025, to decide whether or not to accept or reject such submissions.. It is further estimated that several Solana ETFs could be introduced at the same time so as to create a balanced platform among the issuers.
The listing of Invesco Galaxy Solana ETF comes after a series of increased cryptocurrency ETFs, and it now encompasses large-scale digital currencies such as Bitcoin and Ethereum. Because altcoin ETFs have become increasingly popular, that indicates that investors are interested in getting diversified exposure to crypto in regulated forms.
