Cboe Files to List Invesco Galaxy Solana ETF Amid Growing Interest in Staking-Based Crypto Funds

Key Points

1. Cboe’s filings propose listing Solana and Injective staking ETFs on its BZX exchange platform under Rule 14.11, which permits inclusion of staked digital assets.

2. The Canary Staked INJ ETF is designed to track the price of Injective’s native token and reflects growing investor demand for blockchain-native yield strategies within regulated investment vehicles.

3. The SEC’s May 2025 ruling clarified that cryptocurrency staking activities are not securities violations, enabling the development of staking-based investment products.

4. The SEC is expected to provide initial feedback on the 19b-4 filings by early September 2025, with the full review process potentially extending up to 240 days.

5. These ETF listings aim to simplify exposure to blockchain-native yield strategies while maintaining compliance with U.S. securities regulations, enhancing market liquidity and institutional participation.