Invesco Galaxy Registers Solana ETF in Delaware, Signaling 91% SEC Approval Likelihood

Invesco Galaxy has registered a Solana ETF in Delaware, marking a significant step towards potential SEC approval and signaling growing institutional interest in Solana and other altcoins. This move is anticipated to enhance Solana’s market liquidity and could mirror the positive market shifts observed with previous Bitcoin ETF launches. According to prediction markets, there is a 91% probability of SEC approval for the Solana ETF in 2025, reflecting strong market optimism.

The registration of the Invesco Galaxy Solana ETF as a Statutory Trust in Delaware is a foundational step in the ETF approval process. This strategic move by Invesco Ltd. and Galaxy Digital leverages their combined expertise to position Solana for broader institutional adoption in the United States. The Delaware registration is a prerequisite for the formal filing with the U.S. Securities and Exchange Commission (SEC), a critical hurdle for any ETF launch. By initiating this process, Invesco Galaxy is signaling confidence in Solana’s potential as a mainstream investment vehicle, which could significantly increase its market liquidity and trading volumes.

The registration has already sparked heightened institutional interest in Solana and other altcoins, as investors anticipate the potential for regulated, securitized exposure to these assets. Market data shows Solana trading at $147.33 with a market capitalization of $77.74 billion. Despite a minor price dip, trading activity surged, underscoring dynamic market conditions. Insights suggest that the ETF’s approval could stabilize Solana’s price and encourage wider adoption, similar to the effects observed following Bitcoin and Ethereum ETF launches.

The potential approval of a Solana ETF is widely viewed as a transformative event, echoing the market impact of Bitcoin ETFs introduced in 2024. These earlier launches paved the way for greater regulatory clarity and institutional participation, which in turn enhanced market depth and investor confidence. Solana’s innovative blockchain technology and growing ecosystem make it a prime candidate for similar institutional integration. The ETF could serve as a gateway for traditional investors to access Solana’s decentralized finance (DeFi) applications and smart contract capabilities, broadening its market footprint.

While the SEC has historically been cautious with cryptocurrency ETFs, the evolving regulatory environment and increasing demand for regulated crypto products have shifted perspectives. The 91% probability of SEC approval for the Solana ETF in 2025, as indicated by prediction markets, reflects this changing sentiment. Regulatory approval would not only legitimize Solana as an investable asset but also set a precedent for other altcoin ETFs, potentially accelerating the securitization of diverse crypto assets. Market participants are closely monitoring the SEC’s stance, recognizing that regulatory clarity is paramount for sustained institutional growth.

The Invesco Galaxy Solana ETF’s Delaware registration is a significant development that could catalyze institutional adoption and market expansion for Solana. With strong market optimism and a high likelihood of SEC approval, this ETF represents a pivotal step toward integrating Solana into mainstream financial markets. Investors and stakeholders should watch closely as regulatory processes unfold, as the outcome will likely influence the broader trajectory of altcoin ETFs and the crypto investment landscape.