đš BREAKING: Invesco & Galaxy Just Filed for a Solana ETF with the SEC đ„đ
The ETF race just got hotter â Invesco and Galaxy Digital have officially filed for a Spot Solana ETF with the U.S. Securities and Exchange Commission (SEC)!
đ Key Details:
The ETF aims to directly track the price of $SOL (Solana) â similar to existing Bitcoin and Ethereum spot ETFs.
Custody and pricing infrastructure will be built around Solanaâs native blockchain capabilities.
This move signals major institutional confidence in Solanaâs scalability and ecosystem growth.
đ Why Itâs Huge:
Solana could become the first major altcoin after $BTC and ETH to get ETF approval.
This would unlock institutional access to one of the fastest-growing L1s.
Could accelerate SOL's adoption as a mainstream financial asset.
đ Whatâs Next: Watch for:
SEC response timelines
Market impact on $SOL
Ripple effect on other altcoin ETF proposals (e.g., Chainlink, XRP, etc.)
This filing is more than just paperwork â itâs a vote of confidence in Solanaâs long-term role in the crypto economy.
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