Invesco, Galaxy join Solana ETF rush — 9 issuers now competing for SEC approval!

• Investco and Galaxy for Solan ETF, connected to eight other main candidates
• SEC may approve Solana ETF until July but Sol’s Price Trends has remained Bear Recently

In new pressure to extend the range of products with crypto -refreshment, investment company Invesco LTD and Digital Asset Manager Galaxy Digital together submitted for A Solan [SOL] ETF with the US Securities and Exchange Commission.

The proposed fund called “Investco Galaxy Solana ETF” would be traded under the symbol of the ticker “Qsol” on CBe BZX Exchange, and if the underlying company Solana Holdings is approved.

This means the ninth ETF application aimed at the solan presented to the US regulatory bodies, while the Invesco connects to the growing list of applicants that includes VanekBit and gray stages.

All about the submission of Investco and Galaxy’s Solan ETF

Investco and Galaxy’s recent form S-1 submission It outlines their intention to initiate Solana ETF, which directly holds the asset and reflects the structure of other crypt ETFs based on the site.

Interestingly, companies included provisions that allow the insertion of part of SOL ETF through trusted providers.

This approach could create another proceeds for the fund via remuneration for the purpose of establishment that can be considered income.

In addition, other Solan ETF applicants have also updated their submission of similar unloading strategies and signaled the growing trend among issuers to increase the fund’s performance through this mechanism.

This shows that institutional investors clearly recognize and take advantage of the unique advantages that the ETF -based ETF offers, except that it is a price evaluation.

In 2024, which, on a strong performance of bitcoin ETFs and the slight success of the Ethereum funds in 2024, actively investigate investor tastes supported by altcoins, starting with sola.

The SEC, which supported this momentum, has recently asked the Solan ETF issuers to revise their S-1 submission, indicating that regulatory approval may be closer than expected.

Analysts and betting markets are optimistic

Bloomberg analyst James Seyffart recently said that the agency can approve the submission in July and potentially follows several cryptocurrencies together with the ETF.

This increase in development shows that both institutional and retail investors are actively striving for a wider exposure to the market crypto.

As the expectations build for what analysts call the potential “altcoin etf summer”, Balchunas declared Solana as a pioneer in this new wave.

With prediction markets assigning 90% probability SEC approval and final deadlines for decision 10th October are set at all nine proposed Sola ETFs to potentially start at the same time and secure equal conditions.

Despite the excitement, however, the performance of SOL has recently been mute. It was at the time of the press trading For $ 143.71, with technical indicators such as RSI and MacD, they signal a bear trend.