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.