Investco and Galaxy Record Solana Etf Trust in Dilayer star-news.press/wp

Investco and Galaxy Digital have registered confidence in Dilayer for the proposed Solana exchange box, which represents one of the introductory steps towards launching a Solana Exchandenge in the United States.

Registration, Running Since “Investco Galaxy Solana Trust” does not guarantee a list or approval but allows companies to move forward with regulatory deposits.

The structure reflects similar boxes by Vaneck, 21shares, BitWise and others in recent months, as asset managers seek to expand the boxes circulating in the exchange of encryption to Bitcoin and Ethereum.

DEAWARE Boxes are commonly used in digital asset funds and digital asset funds. Registration records the stage to submit a S-1 file in the end to the Securities and Stock Exchange Committee 19B-4 Submission Through national exchange.

Solana is the fifth largest encrypted currency depending on the market value. ETF immediately will give investors direct exposure to a distinctive symbol without a special portfolio management. The current American regulations do not allow the investment funds traded in encrypted currencies other than Bitcoin (BTC) and ETHEREUM (ETH), which have already approved.

Another encryption atfs

Galaxy and Invesco Already Bitcoin spot ETF under the name BTCO. Their decision is to follow the Solana product with the increasing interest in the altcoin investment vehicles. Analysts expect the official Solana ETF files to lead to a new round of SEC reviews later this year.

SEC did not indicate whether she would agree to these products. The agency historically denied the investment funds circulating in Crypto due to concerns about market control and custody. However, the last approval of Bitcoin and Ethereum Etfs encouraged other exporters to follow.

The next step for Investco and Galaxy is to submit the ETF application to SEC and wait for a response during the 240 -day standard review period.