🟣 Invesco joins the race for a Solana ETF
The asset manager Invesco, in collaboration with Galaxy Digital, has submitted an application to launch the Invesco Galaxy Solana ETF, designed to track the spot price of $SOL. With this move, there are now nine managers competing to offer a Solana-based ETF, joining names like VanEck, Bitwise, and Grayscale.
📈 Why does it matter?
This surge reflects institutional appetite for altcoins beyond BTC and ETH, and could boost the legitimacy and adoption of Solana in traditional markets.