Solana ETF Makes Its Way Into the US Market – A New Opportunity for Investors?

Cboe BZX has just filed with the US Securities and Exchange Commission (SEC) to list #etfsolana of the Invesco and Galaxy Digital joint venture, paving the way for investors to access Solana legally, potentially earning staking rewards.

This ETF will track the "Lukka Prime Solana Reference Rate" price index, updated every 15 seconds from major exchanges like #Binance and Coinbase. Notably, the fund may stake a portion of SOL to increase returns for investors.

Cboe argues that with Solana trading volumes reaching $2 billion per day, this ETF deserves approval without needing to be linked to the futures market. However, some experts still warn of concentration risks and potential price manipulation due to the characteristics of the Proof-of-Stake mechanism on Solana.

Meanwhile, #SEC continues to delay many other ETF proposals, including Ethereum staking ETFs, making the approval process even more unpredictable. Nevertheless, both Cboe BZX and NYSE Arca are pushing for proposals to allow crypto ETF products to be approved as quickly as traditional assets.

If approved, the Solana ETF could be a significant turning point that helps $SOL penetrate deeper into the traditional financial market, while also providing positive momentum for the cryptocurrency ecosystem – especially for investors awaiting legal clarity.

Warning: Investing in cryptocurrency carries high risks and may not be suitable for everyone. Investors should carefully consider before participating.