29.07.2025 00:02

Invesco Galaxy, a prominent asset management firm, has submitted a registration application for a Solana-focused exchange-traded fund (ETF) to the Chicago Board Options Exchange (CBOE). This significant move signifies growing institutional interest in Solana, a high-performance blockchain platform.


The proposed ETF, which will track the performance of Solana, aims to provide investors with a regulated and readily accessible way to gain exposure to this burgeoning cryptocurrency. This development follows a broader trend of increased applications for cryptocurrency ETFs, reflecting a shift towards more mainstream adoption of digital assets.


Partnering with the CBOE, a leading exchange, underscores Invesco Galaxy’s commitment to offering a reliable and transparent investment vehicle for Solana. The approval process, however, remains subject to regulatory review and approval by the Securities and Exchange Commission (SEC), a pivotal step determining the ETF's eventual market launch.


Should the SEC grant its approval, the Solana ETF would likely attract significant investor attention. This could potentially boost Solana's market capitalization and further solidify its position in the competitive cryptocurrency landscape. The application itself highlights the continued evolution of the cryptocurrency market and the increasing sophistication of investment products designed to capitalize on its growth. Further updates on the regulatory process will be keenly awaited by market participants. The information in this article comes from internet sources.