Invesco Galaxy Files for Solana ETF in Delaware

Invesco and Galaxy Digital Asset Management have made a significant move in the cryptocurrency investment landscape by officially filing for a Solana ETF in Delaware. On June 12, 2025, the firm registered an entity named “Invesco Galaxy Solana ETF” under the Delaware Division of Corporations as a domestic statutory trust. This initiative is designed to provide investors with an alternative to direct investment in SOL, offering exposure to the cryptocurrency through a traditional investment vehicle. The latest filing suggests that Invesco and Galaxy Digital are preparing to submit Form S-1 with the U.S. Securities and Exchange Commission (SEC) to officially register the ETF.

This strategic move by Invesco and Galaxy Digital aligns with the growing interest in cryptocurrency investments. By creating an ETF, the firms are catering to investors who prefer the structure and regulatory oversight of traditional investment products. This development could pave the way for more institutional investors to enter the Solana ecosystem, potentially increasing liquidity and stability in the market.

The registration of the “Invesco Galaxy Solana ETF” in Delaware is a crucial step in the process of launching the ETF. Delaware is known for its business-friendly laws and is a popular jurisdiction for the incorporation of investment funds. The next phase will involve filing Form S-1 with the SEC, which is a necessary step for any company looking to offer securities to the public. This form provides detailed information about the ETF, including its investment objectives, risks, and fees.

The potential approval of the Solana ETF by the SEC could have significant implications for the cryptocurrency market. It would provide investors with a regulated and transparent way to gain exposure to Solana, which could attract more institutional capital. Additionally, the approval of a Solana ETF could set a precedent for other cryptocurrencies, potentially leading to the launch of more ETFs in the future.

In conclusion, the filing of the Solana ETF by Invesco and Galaxy Digital is a notable development in the cryptocurrency investment landscape. It offers investors an alternative to direct investment in SOL and could attract more institutional capital to the Solana ecosystem. The next steps involve filing Form S-1 with the SEC and awaiting approval, which could have significant implications for the cryptocurrency market.