Invesco and Galaxy Digital Propel Solana ETF Race with Spot "QSOL" Filing
Asset management giants Invesco and Galaxy Digital have taken a significant step in the Solana ETF race by jointly filing an S-1 application with the SEC for a spot Solana ETF under the ticker "QSOL." This proposed ETF aims to capitalize on Solana's high-performance blockchain, which boasts an impressive throughput of 65,000 transactions per second. The fund plans to leverage Coinbase for custody services and BNY Mellon for administration, highlighting the growing institutional interest in Solana. With nine active Solana ETF applications currently in play, this move underscores the increasing confidence in Solana's potential as a leading blockchain platform. The filing marks a pivotal moment for Solana, as institutional adoption could drive further price appreciation and mainstream recognition. As of June 2025, the cryptocurrency community is closely watching these developments, anticipating potential approval and its impact on Solana's market dynamics.
Invesco and Galaxy File for Spot Solana ETF Amid Growing Institutional Interest
Asset management giants Invesco and Galaxy Digital have escalated the solana ETF race with a joint S-1 filing to the SEC, proposing a spot ETF under the ticker "QSOL." The fund would leverage Solana's high-throughput blockchain—capable of 65,000 transactions per second—while tapping Coinbase for custody and BNY Mellon for administration.
Despite nine active Solana ETF applications signaling institutional appetite for altcoins, SOL's price remains range-bound, defying expectations of a breakout. The filing coincides with surging CME futures volume, underscoring Solana's maturation as an asset class.
Solana (SOL) Price: Institutions Bet Big on Potential Breakout
Solana trades at a critical juncture between $144-$148, a level that could dictate its next major price movement. CME Futures volume surged to a record 1.75 million contracts on June 22nd, signaling robust institutional interest. Despite recent bearish pressure, Open Interest holds firm at $6.1 billion.
Technical indicators remain cautious—RSI and MACD suggest the current bounce may be short-lived. Analysts emphasize that reclaiming $148 resistance is pivotal for SOL to target higher ranges of $204-$258. The cryptocurrency's 15% rebound from $125 support shows resilience, but the path forward hinges on this key threshold.
Upexi Inc. (UPXI) Stock Dives 8% Amid Solana-Powered Tokenization Push
Upexi Inc. shares tumbled 8% to $3.04 despite unveiling ambitious plans to tokenize its equity on Solana's blockchain. The selloff followed heightened trading volume after 10:00 AM ET, contrasting with an early morning spike.
The consumer goods company is partnering with Opening Bell to enable 24/7 trading of SEC-compliant tokenized shares. Solana's infrastructure will facilitate global access, instant settlements, and programmable features like governance voting—marking a significant leap in on-chain finance adoption.
Upexi's $105 million SOL treasury underscores its commitment to crypto integration. Token holders retain full shareholder rights while gaining crypto-native wallet storage. This move exemplifies the growing institutional bridge between traditional equity markets and blockchain efficiency.
Solana Price Prediction: Trader Eyes $200 Rally Amid ETF Speculation
Solana (SOL) has weathered a 21% monthly decline, pressured by Middle East tensions before stabilizing above $140 after the Iran-Israel cease-fire. Technical indicators now hint at a potential breakout, with trader Cipher X forecasting a July target of $190-$200 if support at $138 holds. The analyst cites an 80% probability of SOL ETF approvals by month-end as a key catalyst.
Market sentiment remains cautious amid unresolved geopolitical risks, yet Polymarket odds currently price a 53% chance of U.S. SOL ETF approval. Such institutional adoption could trigger significant repricing for the altcoin, which has demonstrated resilience at critical technical levels.
