๐จ Urgent: Invesco and Galaxy have submitted an S-1 application to the SEC to launch a private ETF for Solana!
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๐ News Details:
โ Invesco, in collaboration with Galaxy Digital, has officially submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC)
โ Goal: To create an exchange-traded fund (ETF) that tracks the performance of the $SOL (Solana) currency
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๐ก Why is this important?
โ The first official step towards listing a Solana ETF in U.S. markets
โ Strengthens Solana's position as one of the leading digital assets after Bitcoin and Ethereum
โ Could open the door for significant institutional investments in $SOL
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๐ Potential impact:
โ Increased investor interest in Solana
โ Support for the price of $SOL in the short and medium term
โ Enhancing regulatory legitimacy for Web3 and Layer-1 projects
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โDo you think Solana will be the third currency to be officially adopted via ETF on Wall Street?
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