Invesco and Galaxy Digital Asset Management have officially filed for a Solana ETF in Delaware. According to the filing, the firm registered an entity “Invesco Galaxy Solana ETF” under the Delaware Division of Corporations as a domestic statutory trust on June 12, 2025.
This Solana ETF is designed to give investors who do not want to invest directly in SOL another option to gain exposure through a traditional investment vehicle. The latest filing suggests that Invesco and Galaxy Digital could soon file the Form S-1 with the U.S. Securities and Exchange Commission (SEC) to officially register the ETF.
This is coming as the odds of the agency approving the ETF keep rising. Earlier this week, Bloomberg ETF analyst James Seyffart said there’s a 90% chance that SOL ETF gets approved.
In a statement on June 10, he added that SEC has begun early discussions with potential companies that are looking to also launch Solana ETF on details like in-kind redemptions and whether staking will be allowed inside the ETF structure.
“Conversations around the nuances of staking Solana in ETFs is getting underway between SEC and hopeful Solana ETF issuers,” Seyffart said. This is a big deal, as staking rewards are a core part of how Solana works, and including them in ETFs would be a first.
Now, Invesco and Galaxy Digital will be joining a list of firms that are already lined up to offer the same service including Fidelity, VanEck, Franklin Templeton, Grayscale, Bitwise, 21Shares, and Canary Capital.
Grayscale, in particular, is working to convert its existing Solana Trust into a fully regulated ETF. However, the SEC has delayed making a decision on that application as of last month.
Meanwhile, betting markets are staying strong on this ETF. On Polymarket, traders have priced their money on a 91% chance of Solana ETF approval before the end of the year.
The SEC’s final deadlines are set for October, but recent progress suggests decisions may come sooner. If approved, Solana would join Bitcoin and Ethereum in offering spot ETFs on Wall Street.
Also Read: US SEC Delays Decision on Bitwise Dogecoin ETF, Grayscale HBAR ETF
