Invesco Galaxy has filed for a Solana exchange-traded fund (ETF), joining an increasingly crowded field of competitors. With nine issuers now vying for approval, the race reflects growing institutional interest in Solana’s blockchain technology.
Invesco and Galaxy Digital have joined the race to develop an exchange-traded fund (ETF) based on Ethereum, the world’s second largest cryptocurrency. The move comes as more traditional financial firms like Fidelity and VanEck enter the fields of digital asset investing.
The US Securities and Exchange Commission has delayed a decision to approve a Bitcoin exchange-traded fund, putting plans from BlackRock, Invesco and Bitwise on hold. Officials cited the need for further assessment of the risks associated with such investments.