Invesco and Galaxy have formally submitted an application to launch a spot Solana exchange-traded fund (ETF), marking a pivotal development for cryptocurrency investment products.
The filing represents a significant expansion of cryptocurrency-based investment options available through traditional financial channels. This initiative aims to provide regulated market access to Solana (SOL) exposure via conventional brokerage infrastructure.
The partnership between Invesco and Galaxy underscores accelerating institutional efforts to diversify regulated digital asset products. Industry observers highlight this as a milestone in bridging blockchain-native assets with mainstream investment frameworks.