Invesco and Galaxy Digital have registered their Solana ETF as a statutory trust in Delaware on June 12, 2025. This registration indicates growing institutional interest in the cryptocurrency.
Invesco and Galaxy's Solana ETF Initiative
Invesco and Galaxy Digital have collaborated to register a Solana ETF in Delaware, adding momentum in the crypto ETF sector. This registration represents a strategic step by two well-known asset managers and adds legal support to upcoming SEC filings.
Institutional Interest Following ETF Registration
Immediate market effects may include increased attention to Solana (SOL) among investors. Registration is seen as a positive signal for mainstream crypto adoption. Financial analysts are closely watching regulatory responses, while market players anticipate greater liquidity in crypto markets. 'Bloomberg ETF analysts have mentioned a 90% approval odds for the Solana ETF, indicating strong institutional momentum and regulatory interest.'
Market Impact of Solana Amid Historical ETF Trends
Previous spot ETF approvals for bitcoin and ethereum highlight potential Solana impacts. Approval typically leads to increased liquidity and market engagement. Potential outcomes center on enhanced market dynamics and increased Solana engagement. Past ETF launches have often led to asset value appreciation.
The registration of the Solana ETF in Delaware signals growing interest from institutional investors and may positively impact the market in the future.
