๐จ Urgent: Invesco Galaxy registers ETF fund for $SOL in Delaware! ๐
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๐ Step towards the ETF:
Invesco and Galaxy Digital have registered the entity "Invesco Galaxy Solana ETF" in Delaware as a "Domestic Statutory Trust" on June 12, 2025. ๐ This step paves the way for an official S-1 application to the U.S. Securities and Exchange Commission (SEC) to launch the fund.
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๐ก Why is this important for SOL?
* Institutional access: This fund aims to provide a traditional investment vehicle for investors who do not wish to invest directly in Solana (SOL), thus expanding the potential investor base. ๐ฐ
* Increased confidence: This registration reflects growing confidence from major asset management companies such as Invesco and Galaxy in the legitimacy and growth potential of the Solana network. โจ
* Enhancing legitimacy: Adding an ETF fund for SOL alongside Bitcoin and Ethereum funds enhances the status of major digital assets as recognized investment assets. ๐
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๐ Broader context:
This step comes amid increasing interest from financial firms in launching ETF funds for digital assets, indicating a significant shift towards integrating cryptocurrencies into traditional investment products. ๐
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