Asset management giants Invesco and Galaxy Digital have officially registered the Solana ETF Trust, marking a significant step towards expanding institutional investment access to Solana’s blockchain ecosystem.
This move follows the successful launch and operation of Bitcoin and Ethereum exchange-traded funds by the partnership, indicating growing institutional confidence in Layer 1 blockchain assets beyond the two largest cryptocurrencies.
Bloomberg ETF analysts highlighted strong market optimism surrounding the filing, suggesting potential ripple effects across related cryptocurrency assets and decentralized finance sectors built on Solana.
The introduction of a Solana ETF is anticipated to enhance the cryptocurrency’s liquidity and price discovery mechanisms, potentially mirroring the substantial inflows observed following the approval of Bitcoin and Ethereum ETFs.
Market sentiment appears highly favorable, with Polymarket’s prediction model currently estimating a 91% chance of regulatory approval for the Solana ETF.