Invesco Joins the Solana ETF Race – Is SEC Approval Just Around the Corner?
Another heavyweight throws its hat in the ring. Asset management giant Invesco just filed for a Solana ETF—adding fuel to the crypto market’s hottest regulatory showdown.
Wall Street wants in on Solana’s speed. With Ethereum ETFs already greenlit, traders are betting the SEC’s hand might be forced. But let’s be real—since when do regulators move at blockchain speeds?
The crypto crowd’s buzzing. Solana’s native token (SOL) popped 8% on the news, because nothing gets bagholders excited like the words ‘institutional adoption.’ Never mind that the SEC still treats most altcoins like unregistered securities.
Here’s the playbook: Invesco’s filing follows VanEck’s Solana ETF application last week. Two shots on goal mean higher odds—or just more paperwork for the SEC to slow-walk. Either way, it’s hedge funds versus Gary Gensler in the ultimate custody battle.
Bottom line: The crypto casino just got another roulette table. Place your bets—but maybe keep some dry powder for when the SEC inevitably says ‘not so fast.’
Invesco ETF Filing – A Clear Tailwind for Solana
Per the S-1 registration statement, Invesco has proposed the planned ETF to directly hold Solana, similar to Bitcoin and ethereum spot ETFs. The fund will be traded under the ticker symbol QSOL.
The recent flurry of filings to track the price of Solana, the sixth-largest crypto by market cap, sets off a wave of Optimism across the sector that saw Bitcoin and Ethereum ETF approvals and BTC’s new highs in the recent past.
Additionally, Bloomberg senior ETF analyst James Seyffart predicted that there is a 95% odds of Solana and other altcoin ETF approvals this year.
“Delays on spot crypto ETFs are expected,” he said in May, adding that the approvals are “more likely” to be in early Q4, 2025.
Growing Solana Activity on CME Signals Imminent ETF Launch
Per a recent report, Solana activity on CME had hit record highs, signalling strong institutional positioning. Last week, open interest peaked at 2,849 contracts, representing $146 million in notional value.
Three months in and Solana futures are gaining traction:
106K contracts traded$3B+ notional volumeGrowing institutional use: 10% of May volume in blocks (avg size: $5M)Record open interest: 2,849 contracts on June 17 ($146M notional)
See what’s fueling interest
… pic.twitter.com/lAOVBw4YLf
Further, top firms have advanced SOL ETF filings amid ongoing SEC review. Franklin Templeton’s application is currently under review by the SEC. The commission has opened a public comment period, as part of the review, to allow people to submit feedback.
Analysts, on the other hand, have grown bullish on SOL, as its price action reflects ETF optimism.
According to a trader Cipher X, “Solana ETFs approval chances are 80% by July.” The pseudonymous trader expects a repricing to follow and projects that SOL could deliver a monthly MOVE of 40% to 50% following the ETF catalyst.
$SOL is at a very crucial support level right now.
If the $138-$140 level holds, SOL could rally towards $190-$200 by July.
In case the support level didn't hold, I'm placing some bids at $130.
Solana ETFs approval chances are 80% by July, and there'll definitely be repricing.… pic.twitter.com/6xM88v1DKT
Besides, market analyst Cas Abbe wrote on X that Solana has rebounded from its support level, signalling a bullish sign. “The reason I’m paying much attention to Solana is because of ETFs approval,” he wrote.
“I still think that approval hasn’t been priced in yet, and there’ll be a rally next month.”
