Invesco and Galaxy chase Solana ETF dream with Delaware trust registration

The Invesco and Galaxy's Delaware filing lays the groundwork for a potential Solana ETF amid rising market buzz.

Invesco and Galaxy Digital have taken a concrete step toward bringing a Solana exchange-traded fund (ETF) to the US market.

Public records show that the firms registered a trust named Invesco Galaxy Solana ETF with Delaware’s Division of Corporations on June 12.

Over the past months, several firms have created Delaware statutory trusts before seeking approval from the US Securities and Exchange Commission (SEC) to launch a crypto ETF. This structure provides a legal framework and signals intent to regulators and investors alike.

If Invesco and Galaxy proceed as expected, the next milestone will be filing an S-1 registration statement with the SEC.

This filing would formally initiate the regulatory review process required to list the product on a national securities exchange.