Summary
- It has been reported that Invesco and Galaxy Digital are pursuing the launch of a Solana (SOL)-based ETF.
- It has been announced that the Invesco Galaxy Solana ETF has completed official registration in Delaware.
- This is interpreted as a procedure for launching the ETF.
It has been reported that Invesco and Galaxy Digital are working to launch an exchange-traded fund (ETF) based on Solana (SOL).
According to cryptocurrency-focused media outlet O'Daily on the 13th, "the Invesco Galaxy Solana ETF has been officially registered in Delaware." This is interpreted as part of the procedure for launching an ETF.
Meanwhile, to launch an ETF in the United States, a corporation or trust must be established to operate the ETF, and it is commonly practiced to register in Delaware, which is known for being business-friendly and having favorable tax conditions.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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