Summary
- The U.S. Securities and Exchange Commission (SEC) has announced it has begun review procedures for the Solana (SOL) spot ETF.
- It was stated that the ETF application jointly filed by Invesco and Galaxy Digital has been officially received.
- Following the news of the review initiation, it was reported that the SOL price is trading at $206.12, a 4.53% increase from the previous day.
The U.S. Securities and Exchange Commission (SEC) has initiated review procedures for the Solana (SOL) spot Exchange-Traded Fund (ETF) jointly filed by Invesco and Galaxy Digital.
On the 14th, crypto-specialized media outlet Cointelegraph, via X (formerly Twitter), reported: “The US SEC has officially confirmed receipt of the Solana spot ETF application submitted by Invesco and Galaxy Digital.” The SEC will now conduct a review before making a decision to approve, reject, or delay.
As of 16:27 on the same day, SOL was trading at $206.12 in the Binance USDT market, up 4.53% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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