Invesco Capital Management LLC has filed an S-1 with the U.S. Securities and Exchange Commission (SEC) for the Invesco Galaxy Solana ETF. The fund is expected to be listed on the Cboe BZX exchange, and will reportedly use the Lukka Prime Solana Reference Rate as a benchmark to track Solana’s (SOL) spot price performance. This development could signal a new era for crypto investment products on Wall Street. Bloomberg’s senior ETF analysts Eric Balchunas and James Seyffart predict that Solana, XRP and Litecoin spot ETFs will have a 95% chance of approval by the end of 2025. According to analysts, Dogecoin, Cardano, Polkadot, Hedera and Avalanche ETF applications also have a 90% chance of approval by the end of the year. If these altcoin ETFs are approved by the SEC, it would be the biggest expansion in crypto investment products since Bitcoin and Ethereum spot ETFs. The SEC, which has only approved spot ETFs for these two crypto assets so far, could mark a historic turning point for crypto markets. The success of spot Bitcoin ETFs has also paved the way for new applications. This product group alone manages more than $100 billion in assets. BlackRock’s iShares Bitcoin Trust (IBIT) has reached $70 billion, making it the fastest-growing ETF in history. *This is not investment advice.