Invesco Galaxy files for Solana ETF: Will SEC say yes this time?

Key Takeaways 

Solana ETFs are gaining momentum with the latest Invesco Galaxy filing, combining spot exposure and staking rewards. Market sentiment suggests a favorable outcome may be near.

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Institutional interest in Solana [SOL] continues to rise after the Cboe BZX Exchange filed to list the Invesco Galaxy Solana ETF.

The ETF would offer U.S. investors regulated access to SOL, with the added benefit of staking rewards. Structured as a commodity-based trust, the fund aims to hold spot SOL and stake a portion through vetted providers.

This development comes just weeks after the launch of the first U.S. Solana Staking ETF, highlighting a rising demand for crypto investment products that combine yield generation with regulatory oversight.

What if Invesco Galaxy Solana ETF gets approved?

If approved, the Invesco Galaxy Solana ETF would become the second U.S.-listed product offering direct exposure to SOL with staking.

The proposal comes weeks after the REX–Osprey Sol + Staking ETF (SSK) launched with a $33 million debut volume, outperforming first-day volumes of both SOL and XRP futures ETFs.

Both developments reflect a growing appetite for regulated crypto investment vehicles that combine token ownership with yield opportunities.

SEC rejected two other ETFs

However, at the same time, he regulatory path is far from clear.

The U.S. SEC has opted to delay its decisions on other high-profile ETF applications, including Truth Social’s proposed Bitcoin ETF and Grayscale’s Solana ETF.

In a public notice, the SEC pushed both reviews to the 18th of September, citing the need for deeper evaluation

While the SEC’s final decision on the Invesco Galaxy Solana ETF remains uncertain, market sentiment appears overwhelmingly optimistic.

Polymarket and market trend

Polymarket data shows over 99% odds in favor of a Solana ETF approval, marking the highest confidence level since altcoin ETFs began gaining traction.

The optimism has grown following the SEC’s new crypto ETF disclosure guidance, seen by many as a softening stance.
This shift is especially notable under the commission’s current Republican leadership.

Still, Solana’s market performance remains cautious. The token traded at $185.43 after dipping 3.54% in the last 24 hours.

Whether that move reflects short-term volatility or broader doubt is unclear. For now, all eyes remain on the SEC’s decision.