Algorithmic Ratings & Investment Analysis
© ARIA 2025
by aria-ratings.com
June 26, 2025 at 06:36
US Investment Giants Invesco and Galaxy Digital Join Forces to Launch Solana ETF
Invesco and Galaxy Digital have recently filed an application with the US Securities and Exchange Commission (SEC) to launch a spot Solana (SOL) exchange-traded fund (ETF).
This S-1 registration, filed on June 25, 2025, marks the ninth attempt by various entities to secure approval for a Solana ETF in the United States.
The proposed Invesco Galaxy Solana ETF aims to mirror the spot price of Solana and will be listed on the Cboe BZX exchange under the ticker QSOL.
Invesco Capital Management will sponsor the ETF while Galaxy Digital will manage the acquisition of Solana tokens.
Coinbase Custody is set to act as the custodian for the fund’s assets, with Bank of New York Mellon serving multiple administrative roles.
The filing includes provisions for staking SELECT tokens, allowing potential staking rewards to benefit the trust.
Optimism surrounds the SEC's potential approval of these filings, with analysts increasing the probability of approval for Solana ETFs to as high as 95%.
This sentiment has been echoed by notable ETF analysts at Bloomberg, predicting a possible "Alt Coin ETF Summer".
In addition to the Solana ETF initiative, other investment firms are also progressing with their own crypto ETF filings, reflecting a growing interest in alternative investment vehicles.
As the regulatory landscape evolves, the momentum behind Solana ETFs could signify a shift towards broader acceptance of cryptocurrencies within traditional finance.
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