Crypto investors could soon have a new way to gain exposure to Solana (SOL)—this time through Wall Street.
Asset managers Invesco and Galaxy Digital have officially filed to launch the Invesco Galaxy Solana ETF, a fund designed to track the spot price of Solana, the sixth-largest cryptocurrency by market cap. This makes them the ninth firm to submit such a proposal to U.S. regulators, joining industry giants like VanEck, Bitwise, Grayscale, and Fidelity.
📈 Why Solana, and Why Now?
Following the success of spot Bitcoin ETFs in early 2024 and the more moderate adoption of Ether ETFs, institutional interest is expanding into the altcoin space. Solana, known for its speed and low-cost transactions, is a prime candidate.
The new fund aims to directly hold SOL, with Coinbase Custody managing the assets. It will trade on the Cboe BZX exchange under the proposed ticker QSOL.
💼 Will the ETF Stake Solana?
Interestingly, the filing also allows for staking a portion of the SOL held by the ETF. That means the fund could generate additional rewards for its investors by locking up tokens to help secure the Solana network. This move aligns with other recent ETF filings that now include staking provisions—potentially increasing the appeal of such products.
🗓️ Approval Timeline: Sooner Than You Think
According to Bloomberg ETF analyst James Seyffart, the SEC may approve spot Solana and staking ETFs as early as July. He estimates there’s a 90% chance of approval, with all Solana ETFs likely to go live at the same time to ensure fair market entry.
The final deadline for the SEC to approve or reject these ETFs is October 10, 2025. But with political momentum building for more crypto-friendly regulation, and the Trump administration signaling support, the odds appear strong for an “altcoin ETF summer.”
🌐 What This Means for Crypto Investors
The arrival of a spot Solana ETF in the U.S. would mark a major step forward for altcoin adoption and market maturity. It opens the door for mainstream and institutional investors to access SOL without the need for direct wallet management or exchange risk.
With nine major asset managers in the race and staking on the table, Solana is fast becoming the next big institutional target in crypto.
📢 Whether you’re a crypto veteran or a new investor watching the ETF landscape, now is the time to keep Solana on your radar.
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