EddieJayonCrypto
13 Jun 25
Invesco and Galaxy Digital have registered a Delaware trust named Invesco Galaxy Solana ETF, signaling their intent to launch a Solana exchange-traded fund (ETF) in the US. This step precedes filing an S-1 registration statement with the SEC to begin regulatory review. Market optimism is high, with ...
Invesco and Galaxy Digital have registered a Delaware trust named Invesco Galaxy Solana ETF, signaling their intent to pursue a Solana exchange-traded fund (ETF) in the US. This move precedes the filing of an S-1 registration statement with the Securities and Exchange Commission (SEC) to initiate the regulatory review process.
Momentum is building for a Solana ETF, with prediction markets assigning a 91% probability of SEC approval in 2025, possibly as soon as July. The SEC has actively engaged with issuers, requesting updated filings within tight deadlines and considering allowing limited staking features within ETFs to potentially boost investor returns.
If approved, the Solana ETF would offer regulated exposure to the cryptocurrency’s price movements without requiring investors to directly hold or custody the underlying asset. However, market interest might be comparatively lower than Bitcoin ETFs, as demand tends to diminish the further the asset is from Bitcoin in prominence and adoption.
These developments reflect a broader trend in the crypto investment space, where firms establish Delaware statutory trusts as legal frameworks to signal their intentions to regulators and investors. The discussions around staking functionality represent innovation attempts to enhance ETF appeal and returns in a regulated environment.