Institutional Momentum Grows as Fidelity, Invesco, and Galaxy Digital Advance Solana ETF Filings and Registrations Amid Rising SEC Approval Prospects
Fidelity Investments, along with Invesco Ltd. and Galaxy Digital, have taken significant steps toward launching a spot Solana ETF in the U.S. Fidelity filed an initial S-1 with the SEC, while Invesco and Galaxy Digital registered a Solana ETF statutory trust in Delaware—a crucial precursor to formal SEC submission. These moves reflect intensifying institutional interest in Solana (SOL) and the broadening of crypto ETF products beyond Bitcoin and Ethereum. Top asset managers including VanEck, 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital have also amended filings to include staking options, signaling a possible industry-wide trend toward regulated, yield-generating crypto investment vehicles. As of June 13, 2025, Solana trades at $147.33 with a $77.74 billion market cap and robust volume, though price volatility persists. According to industry sources and prediction markets, SEC approval odds for a Solana ETF by 2025 are as high as 91%. Approval could substantially boost Solana’s liquidity, price stability, and institutional adoption, much like the impact observed with Bitcoin and Ethereum ETFs. If successful, the Solana ETF would grant regulated exposure to SOL and could lay the groundwork for additional altcoin ETFs, potentially reshaping the crypto investment landscape. Traders should closely monitor SEC process updates, as ETF approval or rejection may drive significant shifts in altcoin trading and broader crypto market trends. Primary SEO keywords: Solana ETF, Invesco Galaxy, SEC approval; secondary keywords: institutional adoption, crypto ETF, SOL trading.
Bullish
The sequential moves by major asset managers like Fidelity, Invesco, and Galaxy Digital to file and prepare for Solana ETF approval demonstrate strong institutional interest and confidence in SOL as an investment product. The inclusion of staking in various filings and industry-wide efforts to expand crypto ETF offerings signal growing demand for regulated, yield-generating solutions. Historical precedent from the launch of Bitcoin and Ethereum ETFs suggests that SEC approval often triggers capital inflow, increased liquidity, price discovery, and broader institutional adoption. The high probability of approval and the magnitude of institutional involvement point to a bullish outlook for SOL, both in the short term (anticipation and speculation) and long term (mainstream adoption and inclusion in diversified portfolios), provided regulatory approval is granted.