INVESCO AND GALAXY BEGIN PROCEDURES FOR SPOT SOLANA ETF 🇺🇸

Invesco and Galaxy Digital have just registered a trust fund to prepare for the Spot Solana ETF. This is seen as the first step, similar to establishing a company before filing Form S-1 with the SEC.

This move comes right after Bloomberg's ETF analyst predicted a 90% chance of Solana ETF approval, which could happen as soon as next month.

If approved, Galaxy will stand alongside companies such as Grayscale, VanEck, 21Shares, Canary, Bitwise, Franklin, and Fidelity in the Solana ETF race.