Solana ETF Race Heats Up as Invesco Nears Launch

Altcoins

The competition to dominate Solana-backed investment products is accelerating, and Invesco Galaxy appears ready to join the field.

After months of preparation, the firm has crossed a major regulatory milestone, hinting that its exchange-traded fund tied to SOL could be trading sooner than expected.

Key Takeaways

Invesco Galaxy is close to launching its Solana ETF.
The fund will trade under ticker QSOL.
It becomes another addition to the growing Solana ETF market.

Instead of a traditional announcement, the strongest sign came from paperwork. Invesco submitted Form 8-A to the U.S. Securities and Exchange Commission — an administrative step typically reserved for products approaching their market debut. When this document hits the SEC system, it usually means the technical setup has passed scrutiny and the issuer is simply waiting for the final green light.

The filing caps off a busy few weeks for Invesco Galaxy. The firm previously updated its ETF proposal, outlining how the product will operate once listed on the Cboe BZX Exchange. Unlike some new ETFs that attract attention with fee waivers at launch, the firm confirmed it will begin without one but hinted that pricing flexibility remains on the table.

Every ETF begins with seed capital. Invesco disclosed that it deployed $100,000 to purchase 4,000 initial shares, effectively triggering the trust’s formation. An independent auditor also reviewed the setup, indicating that the framework has been validated ahead of public trading. Investors will find the product under its assigned ticker symbol, QSOL, once it hits the exchange.

Solana’s ETF Ecosystem Keeps Expanding

The timing falls in line with rising institutional appetite for Solana. Franklin Templeton only recently rolled out its own SOL-based ETF, and steady inflows suggest that large investors are gradually positioning themselves around the layer-one network.

If QSOL begins trading next week — a possibility suggested by the filing — it would mark the eighth ETF centered on Solana in the U.S. market. Analysts say that each new entrant increases liquidity, improves price discovery, and reinforces Solana’s standing among institutional portfolios.

While the market awaits a formal trading date, one thing is already clear: Invesco Galaxy wants a seat at the table, and the Solana ETF arena is shaping up to be one of the most competitive corners of digital-asset finance.

Solana Price

Technical conditions for Solana appear to be stabilizing as well. On the daily chart, SOL is hovering near $139, with the Relative Strength Index gradually rising toward the mid-50s, suggesting momentum is rebuilding but not yet overheated.

Meanwhile, MACD readings are starting to curl upward from a prolonged bearish phase, hinting at a potential shift in trend if buying pressure continues. Volume remains modest, but the price structure shows attempts to carve higher lows — a setup traders often associate with early-stage recovery signals.

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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.