๐ SOLANA $SOL ETF RACE HEATS UP! Invesco Joins 8 Others ๐
Big news! Asset manager Invesco (with partner Galaxy Digital) just filed to launch a Solana SOL Spot ETF! ๐
Key Points:
๐น 9 firms are now competing to create the first U.S. Solana ETF (including VanEck, Bitwise & Grayscale).
๐น This ETF would track SOL live price โ SOL is currently a Top 5 crypto by market cap. ๐
๐น Invesco aims to expand beyond just Bitcoin and Ethereum ETFs.
๐น If approved, it would trade as "QSOL" on the Cboe BZX exchange. โ
Why now?
โ Bitcoin $BTC ETF success (early 2024) and Ethereum $ETH ETF progress have sparked interest in *altcoin ETFs*.
โ U.S. political support for clearer crypto rules is boosting market confidence. ๐บ๐ธ
Whatโs next?
The SEC must review the filings. This is a developing story โ stay tuned for updates! ๐