The post New Solana ETF Bid Filed by Invesco and Galaxy with the SEC appeared on BitcoinEthereumNews.com.

Invesco and Galaxy Digital have officially applied to launch a Solana ETF.
The proposed ETF will offer investors a regulated way to access Solana tokens.
The fund’s strategy involves staking Solana assets in order to increase its revenue.
Invesco and Galaxy Digital have submitted proposals with the United States Securities and Exchange Commission (SEC) to list a spot in the Solana ETF, becoming the ninth company to enter the race. One proposed investment vehicle is the Invesco Galaxy Solana ETF, which would follow the price of the Solana (SOL), the sixth-largest cryptocurrency by market capitalization, as of now. The exchange in which the ETF will be traded is the Cboe BZX Exchange under ticker symbol QSOL. The custodian will be the Bank of New York Mellon, which will be the administrator and custodian of the underlying Solana assets, and Coinbase Custody, which will be the custodian. The fund also has the option of pegging some of its Solana holdings to claim additional token rewards as per the filing and this would be regarded as revenue to the trust. The entry of Invesco and Galaxy into the Solana ETF market is an indication of the growing institutional interest in altcoins besides Bitcoin and Ethereum. The companies will be joining the market with already established companies such as VanEck, Bitwise, Grayscale, Fidelity, and others, all of which are awaiting SEC approval to be able to offer regulated access to Solana. High Approval Odds and Market Implications Source – Polymarket According to the market prediction, there is a high probability of Solana ETFs being approved in 2025, with a 99 percent chance of approval by the year-end, as shown by Polymarket data. Such a confidence increase means the spirit of acceptance of the transparency of the legislation, besides the…

---

Filed under: News - @ July 7, 2025 7:26 pm