š Solana ETF Nears Launch as Invesco Galaxy Hits a Key SEC Milestone
I was catching up on ETF filings today, and Invesco Galaxy just made a move that basically says, āYep, weāre almost ready.ā They filed Form 8-A with the SEC - the step firms take right before an ETF starts trading. The fund, set to trade as QSOL, already has its structure, fees, and even its firstĀ $100KĀ in seeded capital locked in.
What surprised me is how complete everything looks. The audit is done, the listing plan is ready, and Invesco says fee changes could come later. If approvals move fast, this thing might go live as early as next week - another big institutional door opening for Solana.
And the market definitely felt it.Ā $SOL popped 4% in a day as ETF hype kicked in, helped by hopes of a future Fed rate cut. Inflows are strong, though Glassnode warns liquidity remains weak - traders are still realizing more losses than gains.
