Invesco, Galaxy File For Spot Solana ETF As 9th Bidder

Nine asset managers are now trying to launch Solana Tracking Fund Traded Fund (ETF), while Investco is the latest to join offers because the company is trying to push Bitcoins and Ethereum products.

In regulation submission On Wednesday, Invesco and Galaxy Digital The Investco Galaxy Solana ETF submitted to the Galaxy Digital The Investco Galaxy Solan ETFSol), currently the sixth largest cryptocurrency according to the market ceiling.

It is the ninth submission of the ETF to monitor Solan, which joins offers from Likes Vaneckis and Crypto ETF Giant Grayscale.

Companies are trying to test the market on the so -called altcoins after the great success of Bitcoins (BTC) ETF launched at the beginning of 2024 and a milder victory for the funds associated with Ether (Eth) This was launched later this year.

Trump Administration has promised to alleviate the crypt’s regulations, will issue a wave of optimism in this industry that has recorded bitcoins hit by a new maximum, and triggered public companies to increase billions to invest in Bitcoins for a long time.

Fund Investco Galaxy Fund directly hold Solan

The Investco and Galaxy, a statement of the S-1 form, which calls the Securities and Stock Exchange Commission plans to start security, provides that the planned ETF plans to directly hold the solan-stee as other competitive ETFs.

If it were approved by the regulator, the ETF would trade on the CBOE BZX under Ticker “QSOL”.

Companies will have to submit what is called the 19B-4 form, which records a change in the SEC rule to initiate the ETF approval process.

This is an evolving story and more information will be added as soon as they are available.

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