- Cboe formally submits for Invesco Galaxy Solana ETF.
- Invesco and Galaxy enhance US institutional Solana exposure.
- SOL market shows potential increase in institutional interest.
Cboe BZX Exchange has filed with the SEC to list the Invesco Galaxy Solana ETF in the U.S. on July 28, 2025, marking a significant institutional shift for Solana exposure.
This filing signals growing institutional interest in Solana, potentially influencing digital asset markets and fostering greater legitimacy within the cryptocurrency sector.
The Cboe BZX Exchange has officially filed a proposal to list and trade the Invesco Galaxy Solana ETF. This significant step indicates increased institutional activity in Solana-focused financial products. Cboe’s regulatory filing was submitted on July 28, 2025.
Invesco Ltd. and Galaxy Digital Holdings Ltd. are leading this venture. Invesco is a renowned asset manager, while Galaxy, led by Mike Novogratz, offers crypto-native financial solutions. Matthew Iwamaye, VP at Cboe, signed the filing.
The filing targets to track Solana’s spot price, suggesting major institutional focus on the asset. Although specific dollar amounts are undisclosed, significant capital is implied. Market sentiment could see shifts in SOL, BTC, and ETH values.
This ETF filing may lead to increased demand for SOL, influencing prices and liquidity. It also aligns with historical trends where similar filings boosted related digital assets, enhancing their visibility and market performance.
The SEC’s review process for this ETF is underway, while another Solana-focused ETF is also on hold. This indicates a competitive landscape for Solana products in the regulatory sphere.
Institutional listing on Cboe could boost spot and derivatives volumes. Historical trends suggest such filings often elevate related asset prices. These trends bolster the case for Solana’s position in institutional portfolios.
The Exchange proposes to list and trade shares of the Invesco Galaxy Solana ETF, under BZX Rule 14.11 – Matthew Iwamaye, Vice President, Cboe Global Markets Cboe Filing
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