š¦ Invesco and Galaxy Digital File for Solana ETF ā A New Race Begins?
On June 25, 2025, financial giants Invesco and Galaxy Digital officially filed for a Solana ETF (proposed ticker: QSOL), which aims to track the spot price of SOL and could be listed on the Cboe BZX exchange. If approved, it would be one of the first ETFs to allow direct staking of assets, offering additional yield beyond price exposure.
Whatās striking is that they are not alone ā nine other firms, including VanEck, Bitwise, Grayscale, and Fidelity, have also filed for a Solana ETF. This underscores growing institutional interest in Solana, a blockchain known for its high speed and low transaction fees.
However, the staking component remains controversial. The SEC previously restricted staking in Ethereum ETFs over concerns that it may violate securities law. While Bloomberg analysts estimate a 90% chance of approval, much hinges on how the SEC responds ā especially ahead of the final decision deadline on October 10, 2025.
If approved, this ETF could open the floodgates for institutional capital into Solana, boosting mainstream acceptance and possibly price stability. Still, risks remain, especially if the staking provision gets rejected or if regulatory delays spark market volatility.
QSOL could mark a pivotal step in integrating crypto into traditional finance. Investors, however, should monitor the SECās updates closely before making any moves.
#Solana #CryptoETF #StakingRisk