Invesco Galaxy Files for Solana ETF, Boasting 90% Approval Odds

Investment giant Invesco and the crypto firm Galaxy Digital have officially filed a request to launch a Solana exchange-traded fund (ETF) in Delaware. This move follows SEC requests for updated Form S-1 filings, indicating a high likelihood of approval by year’s end. The registration marks Invesco Galaxy’s entry into the race alongside other major players like Grayscale, Fidelity, VanEck, 21Shares, and Bitwise. This anticipated launch comes amidst increased speculation surrounding Solana’s potential for SEC approval, with analysts predicting a strong likelihood of approval based on recent regulatory actions.