Invesco Galaxy has filed an S-1 with the SEC to launch the Invesco Galaxy Solana ETF. That is the newest in a wave of crypto spot ETF purposes. If authorized, the ETF might be listed beneath the ticker QSOL on the Cboe BZX Trade and observe the spot worth of Solana (SOL) utilizing the Lukka Prime Solana Reference Fee.
The fund will supply regulated publicity to SOL with out traders having to personal the asset themselves, a construction that’s more and more interesting to establishments who’re cautious of self-custody dangers.
Invesco Galaxy joins the likes of Grayscale, VanEck and Constancy in searching for to launch Solana ETFs as demand for crypto funding automobiles grows.
SEC Outlook Bettering for Spot ETFs
Analysts are optimistic the SEC is warming as much as crypto ETFs. Following the approval of Ethereum spot ETFs with staking rewards, Bloomberg Intelligence places 95% odds on a Solana ETF approval by finish of 2025.
This has inspired a number of managers to replace their filings, reflecting SEC suggestions and aligning with newly accepted constructions.
Notable updates and modifications:
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Staking rewards language in S-1 filings
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QSOL will use the Lukka Prime SOL Reference Fee
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ETF purposes present growing institutional confidence
VanEck, 21Shares and Bitwise have made modifications to their filings, mirroring the Ethereum ETF approval course of earlier this yr.
VanEck and Others Get Prepared for Inexperienced Mild
Competitors within the Solana ETF area is heating up. Managers together with VanEck, Grayscale, 21Shares and Bitwise have all filed for their very own spot Solana ETFs. Many have just lately up to date their proposals to incorporate staking rewards, in step with the SEC’s steering on Ethereum ETFs.
VanEck’s VSOL has already been listed on the DTCC. Whereas nonetheless awaiting SEC approval, its DTCC itemizing suggests momentum and operational readiness.
ETFs within the pipeline:
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Invesco Galaxy Solana ETF (QSOL)
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VanEck Solana Belief (VSOL)
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Grayscale Solana Belief* 21Shares and Bitwise
Abstract:
Invesco Galaxy’s bid for a Solana ETF underscores the rising demand for regulated crypto funding merchandise. With a 95% probability of SEC approval, the QSOL fund may develop into a milestone for Solana and broader crypto adoption inside conventional monetary markets.
