Invesco and Galaxy Apply for Solana Spot ETF… Total of 9 Issuers Competing

Source
Suehyeon Lee

Summary

  • It was reported that Invesco and Galaxy have applied to the U.S. Securities and Exchange Commission (SEC) for a Solana (SOL) spot ETF.
  • With this application, the number of issuers pursuing a Solana ETF has increased to a total of nine.
  • Institutions are continuing moves to launch Solana spot ETFs.
Photo=James Seyffart X(X)
Photo=James Seyffart X(X)

Institutions are continuing to move towards launching Solana (SOL) spot ETFs.

On the 26th (local time), James Seyffart, a Bloomberg ETF analyst, reported on his X account that "Invesco and Galaxy have applied for a Solana spot ETF to the U.S. Securities and Exchange Commission (SEC)."

With this application, the total number of issuers pursuing a Solana ETF has increased to nine.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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