💥 IMPACTFUL: Solana ETF in Delaware 🤯
Invesco and Galaxy Asset Management have ignited excitement in the crypto market with their latest move: the registration of a trust in Delaware as a precursor to launching an ETF based on Solana 🚀.
This step is usually the first indication that a formal application to the SEC is on the way ⏳. This registration is a crucial stage in the regulatory process that allows for the legal structuring of an exchange-traded fund (ETF), opening the door for greater institutional participation 📄.
When the official filing is finalized, both fund managers will enter a growing competition to launch the first spot ETF of Solana in the U.S. 🇺🇸. This race already includes heavyweight players in the financial industry such as Grayscale, VanEck, Bitwise, 21Shares, Canary Capital, Franklin Templeton, and Fidelity, confirming that Solana is not only capturing the attention of the crypto ecosystem but also of major players in the traditional financial world 💼.
What’s most interesting is the level of optimism surrounding this potential ETF. According to renowned Bloomberg analysts Eric Balchunas and James Seyffart, the chances of approving a spot ETF for both Solana and Litecoin in the remainder of the year stand at an impressive 90% ✅. This estimate positions them as the products with the highest likelihood of receiving the green light from regulators.
If these approvals materialize, they would not only mark a milestone for the involved cryptocurrencies but would also accelerate their integration into the conventional financial system, facilitating access for institutional and retail investors to assets like Solana 📊💥.
