Invesco Galaxy Seeks SEC Approval for Potential Spot Solana ETF Listing in U.S.
Main Idea
Invesco Galaxy has filed with the SEC to launch a Spot Solana ETF on the Cboe BZX exchange, aiming to provide U.S. investors with direct exposure to Solana (SOL) tokens, marking a significant step for Solana’s institutional adoption.
Key Points
1. The Invesco Galaxy Spot Solana ETF is designed to offer U.S. investors direct exposure to Solana (SOL) tokens and was filed with the SEC on July 28, 2025.
2. The ETF will not be regulated under the Investment Company Act of 1940 or the Commodity Exchange Act, following precedents set by recent SEC approvals of spot Bitcoin and Ether ETFs.
3. This ETF could enhance liquidity and serve as a vehicle for both institutional and retail investors, aligning with the trend of diversifying crypto ETFs beyond Bitcoin and Ethereum.
4. The SEC’s acceptance of the filing reflects a cautious but growing willingness to approve spot-based crypto products with adequate safeguards, potentially paving the way for more crypto investment products.
5. Investors interested in the ETF should monitor SEC approval status, open a brokerage account supporting Cboe BZX, and place orders once the ETF is listed.
Description
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