Invesco Galaxy's Regulatory Filing Signals Near Readiness for Solana ETF
The push for another Solana ETF has intensified as Invesco Galaxy filed a Form 8-A with the U.S. Securities and Exchange Commission. This regulatory step signals that a product is nearly ready to begin trading. This filing comes after the company recently updated its ETF application, laying out operational structures, fee details, and the plan for listing on the Cboe BZX Exchange.
The ETF will trade under the ticker QSOL. Invesco has confirmed it will not waive its sponsor fee at launch, though adjustments may be made in the future. To seed the trust, Invesco Ltd purchased 4,000 shares for $100,000, creating the initial capital foundation. A full independent audit has also been completed, meaning the fund is structurally ready to go live. If approved quickly, QSOL could debut as early as next week, joining an increasingly crowded field of institutional Solana products.
SOL Price Reacts as ETF Buzz Heats Up
The market is already responding to the growing ETF optimism. Solana surged over 4% in 24 hours, driven by ETF sentiment and hopes of an upcoming Federal Reserve rate cut. Investor positioning supports this upbeat mood, with Solana investment products recording $16.54 million in inflows in the latest session. This marks the fourth consecutive day of positive flow, following a previous streak of outflows.
However, not all metrics align with the bullish surge. On-chain data from Glassnode revealed weakening liquidity. Solana’s Realized Profit-to-Loss Ratio has remained below 1 since mid-November, indicating that traders are currently locking in more losses than profits.
More Institutional Products Are On the Way
The pipeline for institutional products is far from slowing down. CME Group is preparing to launch spot-quoted Solana futures on December 15, pending regulatory approval. This represents another major milestone for institutional SOL exposure.
With the Invesco Galaxy ETF now approaching the finish line, Solana’s investment landscape is set for yet another transformation, even as the price trades under pressure in the short term.
Frequently Asked Questions
The Solana ETF could launch as early as next week, depending on final SEC approval, as all major filings and audits are already completed.
Solana rose over 4% in 24 hours as ETF excitement grew, supported by rising investment inflows and optimism around broader market conditions.
Yes, institutional interest is rising with new products like the upcoming CME Solana futures and the near-ready Invesco Galaxy ETF.