The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the application for a spot price tracking ETF for Solana (SOL) from Invesco Galaxy.
This marks the initial step in the SEC's official review process of this ETF fund, opening up opportunities for Solana to become a mainstream asset in the traditional financial market.
MAIN CONTENT
The SEC acknowledges the Solana spot ETF application proposed by Invesco Galaxy, marking the beginning of the review process.
There are currently many SOL ETF applications from large financial institutions, with SEC approval expected in October 2025.
Approval will solidify Solana's position in the cryptocurrency investment market through a managed investment channel.
How has the SEC recorded the Invesco Galaxy Spot Solana ETF application?
The SEC has officially received the application for the spot price tracking ETF for Solana submitted by Invesco Galaxy on June 25, 2025, via the Cboe BZX exchange.
This fund differs from Bitcoin or Ethereum ETFs as it directly focuses on the spot price of SOL, a Layer 1 blockchain known for its speed and scalability. During this phase, the SEC will closely examine conditions such as asset custody, market monitoring, and investor protection before reaching a final approval.
This is the process that begins after Cboe BZX submits Form 19b-4 to allow the listing and trading of the fund, initiating the SEC's official review process.
When will the SEC approve Solana ETFs?
Many institutional investors and large funds such as VanEck Trust, 21Shares Core, Bitwise, Grayscale, Franklin Templeton, Fidelity, and many others have applied for the SOL ETF.
However, as of now, the SEC has not granted permission for any Solana ETFs. It is expected that a decision may be announced around October 2025.
Approval would officially bring Solana into the traditional investment asset portfolio, helping to enhance its credibility and attract more investors to this network.
What does this mean for Invesco Galaxy?
Although not officially approved yet, the SEC's acknowledgment of the application is a positive signal for Invesco Galaxy in breaking into the cryptocurrency ETF market following the success of Bitcoin and Ethereum funds.
Having an official Solana ETF will help Invesco Galaxy strengthen its position in the market while providing investors access to SOL through a managed and transparent investment channel.
The SEC's acknowledgment of the Solana ETF application is an important step to expanding the cryptocurrency investment product line while promoting the sustainable development of this new financial market.
CEO of Invesco Galaxy, 2025
Frequently Asked Questions
What is the Solana ETF?
The Solana ETF is an investment fund that tracks the spot price of SOL, allowing investors to access Solana indirectly through the stock market.
When will the SEC approve the Solana ETF?
The SEC is expected to make a decision on the approval of Solana ETFs in October 2025, following a thorough review process.
What role does Invesco Galaxy play in the cryptocurrency ETF market?
Invesco Galaxy is collaborating to develop a new ETF, expanding investment opportunities for investors in the cryptocurrency sector.
What steps are involved in the Solana ETF approval process?
The SEC will review the application, assess asset custody, monitor the market, and protect investor interests before approval.
What distinguishes the Solana ETF from Bitcoin or Ethereum ETFs?
The Solana ETF focuses on tracking the spot price of SOL, a superior blockchain in terms of speed and scalability compared to other cryptocurrencies.
Source: https://tintucbitcoin.com/solana-vao-ho-so-etf-invesco-galaxy/
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