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Invesco Us became the ninth issuer who made a description for the fund traded on the Solana (ETF) stock (ETF) with the American sec.
Dubbed ‘Investco Galaxy Solana ETF“The asset manager noted that Galaxy Digital would be responsible for the purchase and sale of Sol on behalf of the fund. Coinbase will also serve as the fund manager and the Bank of New York Mellon as an administrator.
ETF, if approved, is expected to be stated on the exchange of CBOE BZX and monitor the price performance Solan.
Invesco became the ninth issuer who submitted the ETF to monitor Velana, after several asset managers, including Vanecky, Bitwis and Gray.
At the beginning of this month, the regulator asked for the Issuers Sol ETF Update their S-1 submission By June and explain the procedures for possible redemption.
Subsco ETF – a bright tail wind for Solan
According to the S-1 registration statement, Invesco proposed the planned ETF to directly hold the solana, similar to Bitcoin and Ethereum Spot ETF. The fund will be traded under the QSOL symbol.
The recent rush of submission to monitor the Solana Award, the sixth largest crypt of the market ceiling, releases a wave of optimism across the sector, which has recently seen the approval of Bitcoins and Ethereum ETF and the new Maxim BTC.
In addition, analyst Bloomberg senior ETF James Seyffart predicted that this year there is 95% chance of approval of Solan and other Altcoin ETF approval.
“Expected to be delayed at the place of crypto ETF,” Said in MayHe added that “is more likely” approval at the beginning of Q4, 2025.
Increasing activity Solana on CME Signa
According to a recent report, Solana had a record maximum hit CME, signaling a strong institutional placement. Last week open interest reached a peak of 2,849 contracts, which represented $ 146 million in imaginary value.
Three months and Solana Futures get traction:
106k contracts were traded
See what supports interest
… pic.twitter.com/laovbw4ylf
– CME Group (@cmegrup) June 20, 2025
In addition, the highest companies have advanced SOL ETF’s submission with a SEC review. Franklin Templeton’s request is currently reviewed by SEC. The Commission opened a period of public commentary to allow people to submit feedback.
On the other hand, analysts on Sol grew bulls because its price action reflects ETF optimism.
According to Cipher X merchant, the chance to approval Solana ETF is 80% until July. “A pseudonym trader expects to observe switching, and projects that SOL could bring a monthly move by 40% to 50% after the ETF catalyst.
In addition, the CAS ABBE market analyst wrote on x The fact that Solana was reflected in the support level and signaled the bull sign. “The reason I pay close attention to Solana is due to the approval of the ETF,” he wrote.
“I still think this consent has not yet been appreciated and the Assembly will be next month.”
Contribution Asset Manager Invesco manager becomes the latest submission of Solan ETF – is SEC approval? He appeared for the first time Cryptonews.
