Invesco Galaxy files for Solana ETF: Will SEC say yes this time?

Key Points

1. Invesco Galaxy filed to list a Solana ETF on the Cboe BZX Exchange, which would offer U.S. investors regulated access to SOL and staking rewards.

2. If approved, this would be the second U.S.-listed Solana ETF with staking, following the REX–Osprey Sol + Staking ETF (SSK), which debuted with $33 million in volume.

3. The SEC has delayed decisions on other high-profile ETF applications, including Truth Social’s Bitcoin ETF and Grayscale’s, indicating regulatory uncertainty.

4. Polymarket data shows over 99% odds in favor of Solana ETF approval, reflecting market optimism after the SEC’s new crypto ETF disclosure guidance.

5. Solana’s market performance remains cautious, with the token trading at $185.43 after a 3.54% dip in the last 24 hours.