Invesco Galaxy Files for Solana ETF as Market Anticipates Launch
- Invesco Galaxy has filed a Form 8-A with the SEC, marking a key regulatory step for its Solana ETF.
- The proposed ETF will trade under the ticker QSOL and is expected to start trading as early as next week.
- Invesco Ltd made an initial investment of $100,000 by purchasing 4,000 shares in the trust.
- Solana’s price increased by over 4% in the last day due to positive ETF news and potential Federal Reserve rate cuts.
- CME Group plans to launch spot-quoted Solana futures on December 15, pending regulatory approval.
The Invesco Galaxy Solana ETF aims to capitalize on recent market trends, following Franklin Templeton’s successful launch of its own Solana ETF last week. Additionally, capital inflows into Solana ETFs have reached $16.54 million recently, indicating renewed investor interest.
If approved, this would mark another significant addition to the growing list of SOL investment vehicles amid increasing market activity.(Source)
