26.06.2025 04:58

Invesco Capital Management LLC has filed a crucial S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), marking a significant step forward for Solana-based investment vehicles. This filing pertains to the Invesco Galaxy Solana ETF, poised for listing on the Cboe BZX exchange. The ETF’s performance will be benchmarked against the Lukka Prime Solana Reference Rate, mirroring Solana's (SOL) price fluctuations directly.

This move suggests a potential paradigm shift in how Wall Street engages with cryptocurrency investment products. Prominent Bloomberg ETF analysts, Eric Balchunas and James Seyffart, express considerable optimism, forecasting a 95% probability of SEC approval for Solana, XRP, and Litecoin spot ETFs by the end of 2025. Their analysis further suggests a 90% likelihood of approval for ETFs tracking Dogecoin, Cardano, Polkadot, Hedera, and Avalanche by year's end.

Approval of these altcoin ETFs would represent an unprecedented expansion in the crypto investment landscape, eclipsing even the introduction of Bitcoin and Ethereum spot ETFs. Until now, the SEC has only green-lighted spot ETFs for these two leading cryptocurrencies. The potential approval of a wider range of crypto ETFs could therefore represent a historic moment for the entire crypto market.

The remarkable success of Bitcoin spot ETFs, managing over $100 billion in assets collectively, has undeniably paved the way for this expansion. BlackRock's iShares Bitcoin Trust (IBIT), for instance, has amassed a staggering $70 billion, achieving the fastest growth of any ETF in history. This showcases the substantial investor interest and appetite for crypto-based investment products. This information is for informational purposes only and does not constitute investment advice. For exclusive news and analysis, follow our Telegram and Twitter accounts. Information sourced from internet sources.