Asset manager Invesco becomes latest to file for Solana ETF – is SEC’s approval imminent?

Invesco has submitted its application for a Solana ETF with the SEC, marking it as the ninth issuer to do so. The ETF will be titled Invesco Galaxy Solana ETF.

Galaxy Digital will manage trades of SOL for the ETF, with Coinbase as the custodian and Bank of New York Mellon handling administration.

Experts are optimistic about the ETF’s approval chances, predicting a 95% likelihood for Solana and other altcoin ETFs by early Q4 2025.