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The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing for the Invesco Galaxy Spot Solana ETF, a move seen as a major step forward in the push for crypto-based exchange-traded funds. The proposed ETF is designed to track the real-time price of Solana (SOL) and includes a staking feature, with plans for listing on the Cboe BZX Exchange if approved.
This acknowledgment signals the start of a public comment period and marks a key procedural milestone, though it is still far from full approval. Invesco Galaxy’s submission joins a growing list of Solana ETF applications from major asset managers such as VanEck, Bitwise, Grayscale, Canary Capital, CoinShares, Franklin Templeton, and Fidelity. Each has filed updated S-1 registration statements reflecting ongoing coordination with regulators.
Market watchers view these filings and revisions as positive indicators, with some analysts predicting that SEC decisions on Solana ETFs could arrive as early as late August or September, fueling optimism for broader institutional adoption of crypto.
