Invesco and Galaxy Asset Management have registered a Solana Trust, which may enhance institutional investor interest.
Solana Trust Registration
On June 13, 2025, Invesco and Galaxy Asset Management registered the "Invesco Galaxy Solana Trust" in Delaware with the aim of launching a Solana ETF. This joint effort aims to capitalize on the growing demand for cryptocurrency ETFs.
Institutional Interest in Crypto ETFs
High institutional interest in crypto ETFs signals potential market expansion, influencing Solana’s position among Layer-1 blockchains. The combined efforts of Invesco and Galaxy Digital highlight a desire to draw attention to alternative cryptocurrencies.
Prospects for Solana in the Market
The registration may positively affect Solana (SOL), drawing attention to cryptocurrencies beyond Bitcoin and Ethereum. This could also impact other Layer-1 blockchains like Avalanche and Ethereum, though Solana remains the primary focus. Future regulatory discussions and technological assessments will determine the ETF’s approval and implementation.
The registration of the Solana Trust by Invesco and Galaxy could lead to new opportunities in the crypto ETF market and stimulate interest in alternative cryptocurrencies and blockchains.
