Invesco files application for Solana ETF

Invesco has filed to launch a Solana-based exchange-traded fund (ETF), signaling growing interest from asset managers in cryptocurrencies beyond bitcoin, according to Reuters.

The move follows the Securities and Exchange Commission's approval of bitcoin ETFs and comes amid growing optimism in crypto markets, fueled by expectations of looser regulation under President Donald Trump. While BTC goes mainstream, investors are now turning their attention to altcoins like SOL, says the news agency.

VanEck and Bitwise have also filed applications for Solana ETFs. However, according to informed sources, the SEC isn't expected to approve them before late July at the earliest.

As noted by Reuters, the Invesco Galaxy Solana ETF will begin trading on Cboe BZX Exchange under the symbol QSOL. The fund's management fee has not yet been disclosed.