Invesco and Galaxy File for $SOL #ETF as Competition Intensifies


Investment giant Invesco and Galaxy Digital filed Wednesday for an "Invesco Galaxy SOL ETF" with the #SEC.


The proposed fund would trade on Cboe BZX under ticker symbol "QSOL" if approved by regulators.


Invesco Capital Management would sponsor the fund while Galaxy handles the $SOL token acquisition, and Bank of New York Mellon provides administration.


Coinbase Custody Trust Company would serve as custodian for the Solana holdings in the proposed ETF structure.


Multiple firms are competing for #Solana ETF approval, including VanEck, Bitwise, and 21Shares, with similar filings.


The SEC recently requested that spot $SOL ETF issuers update their S-1 filings, suggesting approvals could come sooner than expected.


#Trump administration regulators appear more permissive toward #crypto ETFs following successful $BTC and $ETH fund launches.


Cboe BZX also filed Wednesday for the Canary $PENGU ETF, which would hold the Pudgy Penguins NFT alongside other cryptocurrencies.

image
June 25, 2025 at 11:33 PM
1