On June 12, 2025, Invesco Galaxy Solana ETF was registered in Delaware, marking an important step towards filing with the SEC in the U.S. This registration could foster increased institutional interest in Solana.
ETF Registration and its Significance
The Invesco Galaxy Solana ETF was officially recognized by the Delaware Division of Corporations as a Statutory Trust, indicating a significant stride in the ETF approval process. Invesco Ltd. and Galaxy Digital are leading this initiative, leveraging their capabilities in the financial sector. This registration acts as a precursor to filing with the SEC, which could stimulate interest in Solana among institutional investors.
Solana Market and Projections after Registration
As of June 13, 2025, Solana (SOL) trades at $147.33, with a market capitalization of $77.74 billion. Trading volume reached $6.35 billion despite a 3.35% decline in 24 hours. The 72.44% increase in trading volume indicates dynamic market conditions.
Market Optimism and its Implications
There is a 91% probability that such a Solana ETF product will receive approval in 2025, reflecting market-wide optimism. Reports of this have elicited a positive response among members of the crypto community, despite the lack of official comments from leaders like Mike Novogratz of Galaxy Digital.
The registration of the Invesco Galaxy Solana ETF could lead to increased institutional interest and changes in the market dynamics of Solana, providing a basis for enhanced liquidity and trading volumes in the future.
