Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF with the U.S. Securities and Exchange Commission.
According to a June 26 filing, Invesco and Galaxy’s proposed fund will offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency by market capitalization. Following the precedent set by Bitcoin $BTC and Ethereum ETFs, the proposed Solana fund would hold the asset directly under a commodity trust structure. $ETH
