- Invesco and Galaxy Digital file for Solana ETF.
- QSOL to list on Cboe BZX.
- Potential direct Solana exposure for investors.
Invesco and Galaxy Digital have submitted documentation to the SEC for a spot Solana ETF, intending to list it under the ticker “QSOL” on Cboe BZX Exchange.
This filing may mark a significant leap in institutional adoption of Solana, promising impact across financial markets if approved.
Invesco and Galaxy Digital have moved to launch a spot Solana ETF, utilizing the Lukka Prime Solana Reference Rate. They enlisted with the SEC, aiming for Cboe trading. This reflects their history with crypto-related ETFs.
Key players include Invesco, a prominent investment firm, and Galaxy Digital, known for its blockchain focus. Michael Novogratz, Galaxy’s CEO, leads the endeavor, showcasing institutional interest in Solana’s potential.
The ETF filing could lead to increased Solana liquidity and price changes. It mirrors past Bitcoin ETF market effects, including stimulated inflows. Bloomberg believes in a promising outcome, noting a potential 95% approval chance by 2025:
“Bloomberg estimates a 95% chance of SEC approval for Invesco’s Solana ETF by 2025, reflecting growing optimism.” – Bloomberg
The industry eyes potential impacts on altcoins correlated with SOL.
Such actions indicate growing regulatory optimism. Prior ETF approvals have catalyzed similar price activity in cryptocurrency markets.
Approval could reshape investment landscapes, extending to regulatory adaptations across digital asset sectors. Past trends suggest increased engagement with Layer 1 assets, boosting Solana’s market prominence further.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
