Asset management giant Invesco has officially submitted its Solana ETF application to the SEC, becoming the ninth major player in this field. The increasing institutional interest, CME futures data, and analysts' high approval expectations are driving the excitement around the Solana ETF to its peak. The general view in the market is that approval is just a matter of time and that a strong rally could occur in Solana's price if it happens.
The long-awaited major development in the crypto world is gradually growing into a tsunami. After Bitcoin and Ethereum, the spot ETF wind is now knocking on Solana's door. Invesco, one of the giants of the finance sector, has officially joined the Solana ETF race and has knocked on the SEC's door!
Invesco has completed its application under the name 'Invesco Galaxy Solana ETF.' If approved, it is planned to trade under the code QSOL. This application should not be seen as a standalone move; it should be viewed as one of the final links in the domino effect. Invesco joining this train after major players like VanEck, Bitwise, and Grayscale is a significant indication that the corporate world is seriously evaluating Solana.
The infrastructure is also quite solid: Custody services are provided by Coinbase, while fund management is entrusted to a strong financial institution like Bank of New York Mellon. Therefore, this move is not just an application made with enthusiasm; it stands out as a well-planned and strongly supported step.
The most exciting development is the SEC's approach to clarifying details regarding the applications. Bloomberg's ETF analyst James Seyffart assesses the likelihood of approval by the end of 2025 at a very high rate of 95%. According to him, the approval process is almost inevitable.
This expectation is not just theoretical; positions in Solana futures at the Chicago Mercantile Exchange (CME) are reaching record levels. This indicates that major players are already preparing for the ETF launch. Other analysts believe that the ETF news has not yet been fully priced in and that a strong wave of upward movement could occur in July.
In my opinion, Solana is making its final preparations to move from the station along with institutional interest, analyst expectations, and market data. The timing of the approval for the Solana ETF has become the most anticipated topic, more than when it will come; rather, it is about the magnitude of the rise it will create in the market when it arrives.
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