Solana enthusiasts and meme coin degens, rejoice! The Invesco Galaxy Solana ETF just dropped a game-changing S-1/A Pre-Effective Amendment No. 2 on October 31, 2025, signaling it's primed for launch. Spotted first by crypto sleuth ​MartyParty​, this filing locks in the QSOL ticker, powerhouse partners, and staking rewards – all the ingredients for a spot ETF ready to rock the Cboe BZX exchange.

If you're holding $SOL or aping into Solana memes like $WIF, $BONK, or $POPCAT, this is your green light. Institutional billions are about to flood in, pumping liquidity and sending prices to the moon.

🚀 Key Highlights from the S-1/A Amendment

This isn't just paperwork – it's the final polish before SEC greenlight. Here's the breakdown:

• Ticker Locked: QSOL – Trading on Cboe BZX Exchange, making it easy for TradFi to stack Solana exposure.
• Custody Powerhouse: Coinbase Custody Trust Company – All $SOL held in segregated cold storage with top-tier security, insurance, and multi-sig protection.
• BNY Mellon Steps Up – Bank of New York Mellon handles cash custody, administration, transfer agency – and positioned as Authorized Participant (AP)​ for seamless creations/redemptions.
• Prime Broker: Coinbase, Inc. – Manages temp SOL holdings for ultra-efficient operations.
• Staking Supercharged – Plans to stake nearly all SOL for ~7% APY rewards (net of 0.25% sponsor fee). Rewards offset fees and boost returns – but smartly conditioned to avoid tax headaches.
• Execution: Galaxy Digital – Handles SOL buys/sells with pro-grade AML/KYC.
• Basket Size: 5,000 Shares – Standard in-kind creations/redemptions for minimal slippage.
• Benchmark: Lukka Prime Solana Reference Rate – Fair, audited pricing for NAV.

Already seeded with $100K back in October – this baby's fueled and ready.

​Dive into the full SEC filing here​ (950+ pages of degen dreams).

💥 Why Solana Memes Are About to Explode

Solana's meme ecosystem thrives on speed, low fees, and hype – and ETFs supercharge all three:

• Institutional FOMO: Post-Bitcoin/ETH ETF success, $SOL inflows could hit hundreds of millions Day 1 (remember Bitwise's $225M AUM launch?).
• Price Pump: Higher $SOL = richer meme flips. $WIF to $10? $BONK back to ATH?
• Ecosystem Boom: More validators, DEX volume, and airdrops as staking ramps.
• TradFi Onboarding: Grandma buys QSOL via her brokerage – memes get normie money.

With Bitwise BSOL crushing volumes, Grayscale GSOL live on Robinhood, Fidelity FSOL, VanEck, and more in the pipeline – Solana ETFs are the new meta.

⏰ What's Next? Launch Timeline

• No Delaying Clauses flagged – could go effective any day.
• SEC Review: 10-30 days typical for finals.
• Listing: NYSE/Cboe battle heats up – QSOL leads the pack.

Pro Tip: Accumulate $SOL and top memes NOW. This wave dwarfs 2021.

Stay locked on Meme Insider for real-time updates, ETF trackers, and alpha on the hottest Solana plays. DYOR – but the chart don't lie. 🚀

Not financial advice. Crypto is volatile – apes together strong.