Cboe BZX Exchange has filed for the Invesco Galaxy Solana ETF, indicating increasing institutional investor interest in this asset.
Cboe's ETF Filing for Solana
Cboe BZX Exchange has officially submitted a proposal to the SEC to list and trade the Invesco Galaxy Solana ETF. The filing was made on July 28, 2025, underscoring significant interest from institutional investors in Solana-focused financial products.
Implications for Institutional Investors
This initiative is led by Invesco Ltd. and Galaxy Digital Holdings Ltd. Invesco is a well-known asset manager, while Galaxy, headed by Mike Novogratz, provides crypto-native financial solutions. The filing is intended to track the spot price of Solana, indicating considerable institutional capital focus on the asset.
Market Outlook and Regulation
The SEC's review process for the ETF is underway, and another Solana-focused ETF is currently pending as well. A successful listing on Cboe could increase spot and derivatives trading volumes. Historically, such filings have tended to boost related asset prices, which may occur in this scenario.
Cboe's filing for the Invesco Galaxy Solana ETF signals rising institutional interest in Solana and may alter market trends for this asset.
