BREAKING: Invesco & Galaxy Make Power Move – Solana ETF Trust Filed in Delaware

Wall Street''s crypto craving hits overdrive as traditional finance giants dive deeper into digital assets.

Two heavyweight asset managers just fired the starting gun on Solana''s institutional adoption race.

Invesco and Galaxy Digital aren''t just dipping toes—they''re cannonballing into crypto waters with this Delaware trust registration.

The filing signals growing institutional appetite for exposure beyond Bitcoin and Ethereum—even as regulators keep playing whack-a-mole with crypto products.

Solana''s speed and low fees make it a prime candidate for ETF treatment, though the SEC might need another three years to ''understand'' the technology.

Another day, another financial firm trying to package blockchain like a 2008 mortgage-backed security—but hey, at least this one runs on math instead of banker greed.

Other crypto ETFs 

Galaxy and Invesco already manage a spot bitcoin ETF under the name BTCO. Their decision to pursue a Solana product aligns with growing interest in altcoin-based investment vehicles. Analysts expect formal Solana ETF filings to trigger a new round of SEC reviews later this year.

The SEC has not indicated whether it will approve such products. The agency has historically denied crypto ETFs due to concerns about market surveillance and custody. However, the recent approval of spot Bitcoin and ethereum ETFs has encouraged other issuers to follow suit.

The next step for Invesco and Galaxy WOULD be to submit the ETF application to the SEC and await a response within the standard 240-day review period.