Cboe BZX Seeks SEC Approval for Invesco Galaxy Solana ETF
- Cboe BZX files to list Solana ETF with SEC.
- Targets staking within the ETF for rewards.
- SEC approval pending, impacts market liquidity.
Cboe BZX Exchange has filed to list the Invesco Galaxy Solana ETF with the SEC, seeking approval for a spot Solana ETF featuring built-in staking rewards.
Approval could enhance institutional access to Solana, influencing market dynamics and encouraging broader adoption of staking within regulated investment vehicles.
Cboe BZX Exchange has filed for U.S. regulatory approval to list the Invesco Galaxy Solana ETF, focusing on spot Solana assets with staking rewards, submitted in July 2025.
This filing could expand Solana’s market reach, following similar successful spot Bitcoin and Ethereum ETF approvals.
Invesco Galaxy Solana ETF: A New Era in Crypto Investing
The Invesco Galaxy Solana ETF filing marks a progression in crypto investment products, leveraging Solana’s liquidity and market maturity. It underscores the increasing institutional interest in regulated crypto exposure.
Invesco and Galaxy Digital collaborate for the ETF launch, utilizing Cboe BZX Exchange to file with the SEC. Their joint history includes successful ETF entries in the crypto market.
Potential Boost for Solana Ecosystem With Institutional Entry
The ETF introduces regulated institutional access to Solana, potentially increasing the Sol ecosystem’s investment and activity. Market observers note its unique inclusion of staking within the ETF structure. Approval could stimulate interest and liquidity in Solana, echoing the influence of prior spot crypto ETFs. Implications for other crypto staking protocols seem promising if successful.
Solana’s Strategy: Drawing Parallels to Bitcoin, Ethereum
Past filings, like those for Bitcoin and Ethereum ETFs, see similar strategies around market maturity and liquidity. Solana’s entry follows these footsteps to reinforce its position in the investment landscape.
Potential approval may contribute to higher Solana trading volumes and staking activity, based on trends seen in Ethereum and Bitcoin ETF responses, signaling significant investor interest.
“SOL’s spot market is already a mature, liquid, fair, and transparent market that has sufficient liquidity to support an ETP product,” – Cboe Official Filing.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
