Solana ETFs Could Be Next! Invesco and Galaxy Gear Up as Approval Odds Hit 90%

Jakarta, Pintu News – Invesco and Galaxy Digital Asset Management have officially filed to establish a Solana ETF in Delaware. The filing marks a serious first step in providing investment alternatives to Solana (SOL) without having to own crypto assets directly.

With the value of Solana (SOL) continuing to rise, this ETF is expected to attract a wider range of investors. Bloomberg analyst James Seyffart estimates the chances of this ETF being approved at 90%.

Solana ETF Approval Process and Opportunities

The filings for the Solana ETF by Invesco and Galaxy Digital suggest that a formal application to the US Securities and Exchange Commission (SEC) may be forthcoming.

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Seyffart added that the SEC has started preliminary discussions with companies that could potentially launch Solana ETFs regarding aspects such as in-kind redemption and possible staking in the ETF structure.

This discussion is important as staking is an integral part of how Solana works, and the inclusion of this feature in an ETF would be a first. With this progress, the chances of approval seem to be getting brighter, especially with strong support from the betting markets showing a 91% probability of approval before the end of the year.

Competition and Market Opportunities

By proposing the Solana ETF, Invesco and Galaxy Digital will join a long list of companies that are also looking to offer similar services, including Fidelity, VanEck, Franklin Templeton, Grayscale, Bitwise, 21Shares, and Canary Capital.

Grayscale, in particular, is looking to convert their Solana Trust into a fully regulated ETF.

If approved, Solana will join Bitcoin (BTC) and Ethereum (ETH) in offering spot ETFs on Wall Street. This would open up a huge opportunity for investors to get involved in the crypto market through a more traditional and possibly safer investment vehicle.

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Implications and Future Expectations

The approval of the Solana ETF by the SEC will be an important milestone in the evolution of the crypto market, providing broader and easier access to investors who want to get involved without having to dive directly into buying and storing crypto. It could also be a positive signal for other crypto ETFs awaiting approval.

With Solana’s market capitalization now ranked fifth, trading at around $147, expectations for further growth are high. The success of this ETF could bring more stability and legitimacy into the Solana ecosystem and the crypto market as a whole.

Overall, with continued progress and strong support from various parties, the future of Solana ETFs looks very promising.

Investors looking for diversification in their crypto portfolio may soon have a powerful new tool to increase their exposure to one of today’s most innovative digital assets.

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Reference:

• Crypto Briefing. Solana ETF SEC Approval. Accessed on June 16, 2025
• Crypto Times. Breaking: Invesco and Galaxy Digital File for Solana ETF. Accessed on June 16, 2025
• The Coin Republic. Breaking: Invesco and Galaxy Register Solana ETF Amid 90% Odds of Approval. Accessed on June 16, 2025