SOLUSDT

Perp

133.31

-3.31%

Solana is nearing its first ETF... and institutional interest is rising sharply.

Invesco Galaxy has filed a major application with the U.S. Securities and Exchange Commission to launch the Solana exchange-traded fund QSOL, a step that indicates the fund is almost ready for trading.

This development has increased the price of Solana by 4% and heightened institutional interest, especially with CME preparing to launch Solana futures contracts soon.

Solana investment products have also seen positive inflows of $16.5 million despite continuing liquidity challenges on the network.

With regulatory steps accelerating, QSOL trading is expected to begin in the coming days, paving the way for a new phase of institutional adoption of Solana.