author
Sujha Sundarajan
author
Sujha Sundarajan
Involve
Investco Us has become the ninth source of the Solana Exchang (ETF) box with SEC.
It is called “”Investco Galaxy Solana EtfThe asset manager indicated that the Galaxy Digital will be responsible for buying and selling Sol on behalf of the fund. Moreover, Coinbase will work as the box’s bonus, and New York Mellon Bank as an official.
ETF, if approved, is expected to be included on the CBOE BZX Stock Exchange, and track the instant price of Solana.
Investco has become the ninth source to present it to ETF tracking Solana, after many asset managers, including Vaneck, BitWise and Grayscale.
Early this month, the organizing party requested the Sol Sol ETF source to update their S-1 files by June and clarify the procedures for the recovery.
Investco ETF file – is a clear Wind for Solana
According to the S-1 registration statement, INVESCO ETF suggested that it is planned directly, similar to the investment funds circulating in Bitcoin and ethereum. The box will be traded under the QSOS code.
The recent wave of deposits to track the price of Solana, the sixth largest encryption by the maximum market, prevents a wave of optimism across the sector that witnessed bitcoin approvals, ethereum etf and BTC new highlands in the recent past.
In addition, James Sevart, ETF analyst, Senior ETF, expected that there are 95 % of the chances of Solana and other ALTCOIN ETF approvals this year.
“It is expected that you will expect delays in Spot Crypto ETFS,” He said in MayAdding that the approvals are “more likely” in the early fourth quarter, 2025.
Solana’s activity is increasing on CME signals ETF Washing
In a recent report, the Solana activity on CME had set record levels, indicating a strong institutional location. Last week, the open interest reached its peak at 2,849 contracts, representing $ 146 million in virtual value.
Moreover, the best companies have the advanced Sol ETF files amid the continuous SEC review. Franklin Templeton is currently reviewing by SEC. The committee opened a general suspension period, as part of the review, to allow people to make notes.
On the other hand, the upscale analysts grew on Sol, as its primary work reflects ETF optimism.
According to Trader Cipher X, “Solana ETFS approval opportunities are 80 % by July.” The pseudonym expects the reorganization and projects that Sol can submit a monthly step ranging from 40 % to 50 % after the ETF catalyst.
Besides, market analyst Cas ABBE Books on x Solana has recovered from the level of support, indicating an upward mark. “The reason I am a lot of attention to Solana is because of the approval of the traded investment funds.”
“I still think that approval has not been priced yet, and there will be a gathering next month.”
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2025-06-26 05:06:00
