SEC Acknowledges Invesco Galaxy’s Filing for Solana ETF, Here Are the Details!

Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) has recognized Invesco Galaxy’s filing for a Solana spot Exchange-Traded Fund (ETF), marking an important step towards possible approval.

This filing follows a wave of Solana ETF filings by other large asset managers, demonstrating the growing interest in cryptocurrencies.

Solana ETF Filing and Approval Process

The Invesco Galaxy Spot Solana ETF is designed to track the spot price of Solana (SOL) and includes staking provisions. The ETF is planned to trade on the Cboe BZX Exchange, with regulatory approval still required.

This filing follows a Form 19b-4 filed by Invesco, which proposed a rule change to allow the listing and trading of such ETFs.

Although the filing is still far from approval, the acknowledgment from the SEC is a significant procedural milestone, marking the start of the public comment period.

This signals that the formal consideration process for this ETF has begun. Market watchers see this move as a sign that Solana’s ETF proposal is gaining regulatory attention.

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Other Solana ETFs Awaiting Decision

Invesco Galaxy’s filing for the Solana ETF is one of several SOL ETF applications pending with the SEC. At least eight other asset managers, including VanEck, Bitwise, Grayscale, Canary Capital, CoinShares, Franklin Templeton, Fidelity, and 21Shares, have recently filed updated S-1 registration statements with the SEC.

While the proposed changes are relatively minor, it demonstrates coordination between issuers and regulators on important structural details and disclosures, such as staking provisions and custodial arrangements.

The amendment indicates that approval from the SEC may be imminent. Some analysts even predict that a final decision could be announced in late August or September.

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Potential Impact on Solana and Crypto Markets

The successful filing of the Solana ETF will have a significant impact on the cryptocurrency market. With increased access for institutional and individual investors, the price of the Solana token (SOL) could potentially surge.

ETF offerings also provide an opportunity for investors to earn returns on staking without needing to lock in their assets directly, a feature that is increasingly popular among crypto users.

In addition, the growing number of submissions from large asset managers shows the growing confidence in Solana (SOL) as one of the leading cryptocurrencies in the market. It also reflects how the Solana blockchain has been accepted as a top choice for various DeFi applications and other blockchain projects.

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Reference:

• Crypto.news. Invesco Galaxy’s Solana ETF acknowledged by the SEC. Accessed August 15, 2025
• Featured Image: Invezz