SOLANA ETF filed by Investco and Galaxy Digital is directed cboe bzx listing
The race to establish the domain in the fund market quoted by the exchange (ETF) of Cryptomonedas has taken a new turn, with Solana now entering the attention center. In a notable development, Investco Capital Management and Galaxy Digital have jointly presented a presentation before the United States stock and values ​​commission (SEC) that seeks approval to launch the Investco Galaxy Solana ETF. If the green light is given, this ETF would be one of the first to track the spot price of Solana (Sun), and would be negotiated under the ticket Qsol in it CBOE BZX Exchange.
 |
| Source: Coinmarketcap |
According to the presentation, Invesco will serve as the main sponsor of the ETF. Galaxy Digital will be responsible for the acquisition of Tokens Sol, while Coinbase custody will handle the safe token storage. Besides, New York Mellon Bank It is scheduled to act as an administrator of the funds, reinforcing the institutional caliber of the initiative.
Why this presentation is a big problem
The importance of this presentation of ETF lies in the broader implications for the acceptance of the cryptocurrency market. While most ETF’s current applications focus on Bitcoin and Ethereum, the inclusion of Solana represents a growing institutional confidence in Blockchain alternative ecosystems. Known for its high speed of transaction and low rates, Solana has been making constant advances such as a scalable and efficient layer 1 laychain platform.
That said, the fate of the ETF depends on the approval of the SEC, a complicated factor for the ongoing debates about itself qualifies as a security. The cautious approach of the regulator to cryptographic ETF adds an element of uncertainty to procedures. However, market analysts point out that the mere presentation of a Solana ETF suggests that financial institutions are increasingly willing to support assets beyond the two traditional main cryptocurrencies.
Market reaction: Price setback in the midst of investor caution
As expected, the announcement created a hum in cryptographic circles. However, the price of Solana did not increase dramatically; Instead, he experienced a setback. Sun fell to $ 147.50Probably due to the profits and the anticipation of the merchant of market volatility. At the time of writing, Sol is traded approximately $ 145.70showing a modest gain of 0.24% In the last 24 hours, according to Coinmarketcap.
The technical analysis shows a mixed perspective. Indicators like him MACD (Mobile average convergence divergence) and RSI (relative force index) Suggest a neutral to slightly bassist trend. Meanwhile, financing rates remain at zero, which suggests that there is no strong bullish or bassist feeling among derivative merchants. This cautious mood implies that the market is adopting a “wait and see” approach while digging the implications of the presentation.
How likely is QSol approval?
The social media platforms, particularly Twitter, have exploited with emotion about QSOL. Analysts point out the increase in regulatory flexibility as a possible tail wind. Polymarket, a decentralized prediction platform, currently has a price in a 90% probability that the SEC will approve at least one ETF Solana at the end of 2025.
 |
| Source: Polymket |
In addition to this impulse, a transaction that involves 3 million sunvalued in Over $ 430 millionIt was recently executed between unidentified wallets. While origins still are not clear, some believe that this could be a sign of whale accumulation in advance of the possible approval of the ETF.
The competition is heated: Vaneck and other presentations
This research and galaxy digital movement is followed by the heels of Vaneck’s Present your own ETF Solana, folded Vsolwhich has already appeared on the Depository Trust & Clearing Corporation (DTCC) website. Vaneck had previously sent a S-1 Presentation With the SEC on June 13. Other important financial institutions such as 21Shares, Fidelity, Bitwise, Franklin Templeton, gray scale, and Canarian capital They have also presented similar products.
A unique aspect of these ETF presentations is the inclusion of Reference mechanisms. If allowed, the rethinking could allow ETF emitters to generate a performance of their holdings contributing to the safety of the Solana block chain. According to Bloomberg Analyst James Seyffart, this feature would make such ETF even more attractive to institutional hungry investors.
Implications for cryptographic and traditional markets
Whether or not Qsol receives approval, its presentation is symbolic of a broader change in the financial industry. It indicates that institutional players are looking beyond Bitcoin and Ethereum to diversify their exposure to digital assets. The approval of a Solana ETF would probably mark the beginning of a wave of fresh capital, would deepen the liquidity and solidify the role of Solana in the broader financial panorama.
In addition, ETFs offer a simplified and regulated gateway so that traditional investors obtain exposure to volatile cryptographic assets without dealing directly with private wallets, keys or chain interactions. If Qsol is successful, it could pave the way for a new generation of Altcoin -based financial products.
Conclusion: The future of the ETF of Solana
The presentation of Investco Galaxy Solana ETF It represents a critical milestone not only for Solana, but for the evolution of cryptography as a conventional financial asset. Although regulatory uncertainty still persists, the growing demand for exposure to Altcoin cannot be denied through traditional investment vehicles.
With the institutions that show a growing interest, and with competitors such as Vaneck that enter the race, the scenario is ready for a transformative period in digital finances. All eyes are now in the SEC, since the cryptographic industry expects to see if Solana can make history ensuring a seat at the ETF table.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
See other news and articles on Google News
Discharge of responsibility:
The articles published in Hokanews are intended to provide updated information on various topics, including cryptocurrency and technology news. The content on our site is not intended to be an invitation to buy, sell or invest in any asset. We encourage readers to conduct their own research and evaluation before making an investment or financial decision.
Hokanews is not responsible for any loss or damage that may arise from the use of the information provided on this site. Investment decisions must be based on an exhaustive investigation and advice of qualified financial advisors. Information about Hokanews can change without prior notice, and we do not guarantee the precision or integrity of the published content.
