🔥 Invesco Galaxy spot $SOL ETF filing progresses with SEC acknowledgement
The SEC continues to chug along nicely under the crypto-friendly regime led by new chair Paul Atkins. The agency’s latest regulatory greenlight came in as it accepted the filing for the Invesco Galaxy Spot Solana ETF, a proposed exchange-traded fund (ETF) designed to track the spot price of Solana (SOL).
The SEC has said it has received and is reviewing the application for the Invesco Galaxy Spot Solana ETF, which means it is not too far from making a decision that many expect to be an approval.
The acknowledgement comes after Cboe BZX Exchange submitted a Form 19b-4 to propose a rule change for listing and trading the ETF, which initiates the SEC’s formal review process.
💬 BREAKING: SEC acknowledges Invesco Galaxy Spot $SOL ETF filing — Cryptopolitan (@CPOfficialtx) August 13, 2025
🔸 Why the acknowledgement matters
The filing is the latest Solana ETF to be filed this year and comes after the REX Shares SOL ETF Application was filed in May and marked “immediately effective,” signaling that the launch could happen soon.
With the SEC’s acknowledgement, the Invesco filing joins filings from issuers like VanEck, 21Shares, Bitwise, Grayscale, Canary Capital, Franklin Templeton, and Fidelity who are also waiting for the SEC’s nod.
Meanwhile analysts have remain optimistic despite the delay with many estimating a high chance that the SEC approves them by October, an optimistic outlook encouraged by Trump’s love of crypto and the existence of CME-listed Solana futures, which strengthens the argument for a spot product.
🔸 There are kinks to be worked out
Despite the Solana ecosystem’s excitement about a future ETF approval, the SEC has remained cautious, delaying decisions while citing the need for further evaluation. There is also the fact that the debate about whether Solana should be classified as a commodity or a security, which could impact approval, is still ongoing.