Invesco, Galaxy File for Solana ETF — Mutuum Finance (MUTM) Poised to Benefit
Invesco and Galaxy Digital have recently taken steps to make the Solana spot ETF a reality in the US. The two companies have registered a trust called Invesco Galaxy Solana ETF, according to public records.
Various firms have registered trusts, seeking SEC approval for a crypto ETF. Using trusts allows them to have the legal framework ready, and is a major signal to regulators and investors of their intent.
Momentum For SOL ETF Builds Up
The new developments from Galaxy and Invesco come at a time when momentum for a spot SOL ETF is building up. According to recent Polymarket data, the possibility of a Solana ETF being approved in 2025 currently stands at over 90%. This optimism is based on recent reporting that suggests the SEC could approve SOL ETFs as early as July 2025.
Invesco and Galaxy Digital have recently taken steps to make the Solana spot ETF a reality in the US. The two companies have registered a trust called Invesco Galaxy Solana ETF, according to public records.
Various firms have registered trusts, seeking SEC approval for a crypto ETF. Using trusts allows them to have the legal framework ready, and is a major signal to regulators and investors of their intent.
Momentum For SOL ETF Builds Up
The new developments from Galaxy and Invesco come at a time when momentum for a spot SOL ETF is building up. According to recent Polymarket data, the possibility of a Solana ETF being approved in 2025 currently stands at over 90%. This optimism is based on recent reporting that suggests the SEC could approve SOL ETFs as early as July 2025.