The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Invesco Galaxy’s spot Solana ETF filing, marking a significant milestone for cryptocurrency exchange-traded funds (ETFs). This brings the total number of approved Solana ETFs to nine, reflecting growing optimism about regulatory approval for crypto investment products. The SEC’s acknowledgment underscores institutional interest in expanding crypto offerings beyond Bitcoin and Ethereum. Invesco Galaxy’s proposed ETF, the QSOL fund, will track Solana’s spot price on the Cboe BZX Exchange. 3-5 weeks is the estimated timeline for approval, potentially as early as September 2025, though final decisions are expected by October 2025. Inclusion of staking – a key feature of the Solana ecosystem – could significantly increase investor appeal, setting a precedent for future crypto ETFs. The SEC’s openness to including this feature could drive further regulatory approvals and ultimately expand access to the Solana ecosystem.