The registration of the Invesco Galaxy Solana ETF trust signals a significant step toward launching a regulated Solana ETF, amid growing optimism for SEC approval.
Invesco and Galaxy Digital have registered the Invesco Galaxy Solana ETF trust in Delaware, marking progress toward a potential Solana ETF launch in the U.S. The firms plan to file an S-1 registration statement with the SEC, initiating the regulatory review process. Analysts predict a 91% probability of SEC approval for Solana ETFs in 2025, with discussions ongoing about including staking functionality within approved products. However, investor demand for the Solana ETF remains uncertain compared to Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas.