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Invesco Galaxy Files Amended S-1 for Solana ETF With SEC

Invesco Galaxy Files Amended S-1 for Solana ETF With SEC

VanEck’s latest application introduces the first Solana ETF backed entirely by a liquid-staking token, reflecting regulatory clarity and strong institutional interest in staking-based investment products.

SOL
JITOSOL

Fact Check
The statement is confirmed by multiple independent news sources (Sources 2, 4, 7, 9, 10) that explicitly report Invesco Galaxy filed an 'amended' or 'updated' S-1 registration form for its Solana ETF. While the provided SEC.gov link (Source 1 & 6) points to the initial S-1 filing from June 2025, the news reports from July and August 2025 clearly refer to a subsequent, amended filing, which is a standard part of the SEC review process for ETFs.
    Reference: 1
Summary

VanEck filed a new spot Solana ETF with the U.S. SEC that would be fully backed by JitoSOL, a liquid staking token on the Solana blockchain. This represents the first ETF proposal of its kind, offering investors exposure to staked SOL while maintaining liquidity for DeFi participation. The filing follows new SEC guidance under Chairman Paul S. Atkins that activities related to liquid staking may not qualify as securities. VanEck’s announcement, supported by a coalition including Jito Labs and Multicoin Capital, aligns with growing institutional efforts to secure approval for Solana ETFs, with at least nine applications currently pending. Following the filing, Solana’s price surged by 10%, nearing the $200 mark.

Terms & Concepts
  • Liquid-Staking Token (LST): A tokenized representation of staked crypto assets that allows holders to maintain liquidity while still earning staking rewards.
  • JitoSOL: A liquid staking token on the Solana blockchain representing staked SOL and accrued rewards, enabling liquidity for DeFi participation.
  • Solana (SOL): A high-performance blockchain network focused on scalability and low transaction costs, often used for decentralized applications and crypto assets.