Invesco and Galaxy chase Solana ETF dream with Delaware trust registration
CryptoSlateFriday, June 13, 2025 at 7:22:04 PM
Investment heavyweights Invesco and Galaxy Digital are making moves to launch a Solana-based ETF in the U.S., filing paperwork for an "Invesco Galaxy Solana ETF" trust in Delaware. This follows a pattern we've seen before—companies often set up these legal structures as a first step before formally asking regulators for approval.
Editor’s Note: If approved, this ETF would give mainstream investors an easy way to bet on Solana without directly holding the crypto—a big deal for its legitimacy. But don't hold your breath yet: regulators have been slow to greenlight crypto ETFs beyond Bitcoin, and Solana's past legal headaches (remember the SEC calling it an unregistered security?) could complicate things. Still, it signals growing institutional interest in altcoins.
— Curated via WP Now’s
