Invesco Galaxy files for Solana ETF, 9 issuers now in the race

INSUBCONTINENT EXCLUSIVE:
get nine Solana exchange-traded funds if regulators approve, as asset manager Invesco joined the group of firms looking to push
exchange-traded products beyond Bitcoin and Ethereum.In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco
ninth filing for a Solana-tracking ETF, joining bids from the likes of VanEck, Bitwise and crypto ETF giant Grayscale.The firms are looking
tied to Ether (ETH) that launched later that year.Source: James SeyffartThe Trump administration has promised to ease regulations on crypto,
setting off a wave of optimism through the sector that has seen Bitcoin (BTC) hit new highs and triggered a slate of public companies to
S-1 registration statement that tells the Securities and Exchange Commission it plans to launch a security, and it lays out that the planned
ETF plans to directly hold Solana, the same as other competing ETFs.Coinbase Custody, the crypto custody arm of crypto exchange Coinbase,
Solana ETF updated their registration statements earlier this month to include language and provisions for staking.Solana ETFs could be
will approve the Solana ETF filings
Invesco, the other Solana ETF bidders are 21Shares, CoinShares, Canary Capital, Franklin Templeton and Fidelity Investments.All nine issuers
besides Canary Capital have launched spot Bitcoin and Ether ETFs, while Canary has submitted a flurry of ETF filings looking to track