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Solana ETFs Could Launch This Summer with Invesco and Galaxy in the Lead

  • Invesco and Galaxy Digital have filed to launch a Solana ETF under the ticker symbol 'QSOL' on Cboe BZX, including a staking option to earn additional SOL tokens.
  • The proposal reflects a trend of increasing interest in altcoin exposure, with up to nine Solana ETFs potentially approved by July and a 90% likelihood of approval according to analysts.
  • Institutions like VanEck, Bitwise, Grayscale, and others have also submitted applications for similar Solana ETFs, signaling a broader shift towards altcoin investment products alongside Bitcoin and Ethereum.
  • Industry analysts anticipate Solana ETF approval by July, potentially paving the way for an 'altcoin ETF summer' with SOL leading the way and multiple issuers vying for approval.

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