Invesco and Galaxy Digital File Spot Solana ETF with SEC
Invesco and Galaxy Digital have jointly filed a Spot Solana ETF application with the SEC via the CBOE. The proposed Spot Solana ETF would hold actual SOL tokens, offering regulated, liquid exposure to Solana’s high-speed Proof-of-History network. The move underscores growing institutional investor confidence and leverages Invesco’s global ETF expertise and Galaxy Digital’s crypto market knowledge. The filing includes surveillance-sharing agreements to address SEC concerns over market manipulation, network stability and SOL’s classification. If approved, the Spot Solana ETF could unlock significant institutional capital, boost SOL liquidity and pave the way for future altcoin ETFs.
Bullish
Filing a Spot Solana ETF signals strong institutional demand and could drive SOL price higher once approved. In the short term, price impact may be muted as traders await SEC feedback and resolve concerns over market oversight and asset classification. Historically, ETF filings often boost optimism and trading volumes. In the long term, approval could unlock significant institutional capital, improve liquidity and set a precedent for other altcoin ETFs, supporting sustained bullish sentiment for SOL.