Invesco and Galaxy Digital Asset Management have filed for a Solana ETF in Delaware. This move opens new investment opportunities for those looking to gain exposure to SOL through traditional investment instruments.
Application for Solana ETF
The firms registered the entity 'Invesco Galaxy Solana ETF' under the Delaware Division of Corporations as a domestic statutory trust on June 12, 2025. This structure will allow investors who prefer not to invest directly in SOL to benefit from ETFs.
Key Details and Expectations
According to recent data, Invesco and Galaxy Digital may soon file Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the official registration of the ETF. Analysts suggest a 90% probability of approval for the ETF. James Seyffart from Bloomberg noted that the SEC has begun discussions with potential companies regarding technical details, including the possibility of staking within the ETF.
Collaborative Initiatives from Other Companies
Invesco and Galaxy Digital will join a list of companies already planning to offer similar services, including Fidelity, VanEck, Franklin Templeton, Grayscale, Bitwise, 21Shares, and Canary Capital. Grayscale is specifically working to convert its existing Solana Trust into a regulated ETF, though the SEC delayed a decision on that application.
The SEC's final deadlines are set for October, but recent progress suggests decisions could come sooner. If approved, Solana would join other cryptocurrencies like Bitcoin and Ethereum in offering spot ETFs on Wall Street.
