The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing for a spot Solana ETF by Invesco Galaxy. This marks a significant step in the process of potentially bringing a Solana-based exchange-traded fund to the market, which could provide investors with direct exposure to Solana's price movements. The acknowledgment by the SEC is a procedural step that indicates the application is under review, but does not imply approval or disapproval at this stage.