SEC Reviews Invesco Galaxy Spot Solana ETF Amid Growing Institutional Interest

• Paul Atkins-led SEC formally acknowledges Invesco Galaxy Solana ETF application.
• Eight issuers now await approval, with analysts predicting October decisions.
• The commodity versus security classification debate continues to affect the approval timeline.

The Securities and Exchange Commission has formally acknowledged receipt of the Invesco Galaxy Spot Solana ETF filing. The agency confirmed it is reviewing the application following Cboe BZX Exchange’s submission of Form 19b-4 proposing rule changes for listing and trading the ETF.

This recognition moves the Invesco file closer to a possible approval decision and starts the SEC’s official review process. The development reflects the SEC’s increasingly accommodating stance toward cryptocurrency products following Atkins’ appointment and the shift in leadership. 

#Solana News: #SEC accepts @InvescoUS Galaxy @solana spot ETF application and it officially enters comment period joining the 8 others. #VanEck Solana Trust#21Shares Core Solana ETF#Bitwise Solana ETF#Grayscale Solana ETF#Canary Solana ETF#FranklinTempleton Solana ETF… pic.twitter.com/xvJ9o9wKmg

— MartyParty (@martypartymusic) August 13, 2025

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