The Solana ETF race just got hotter: Invesco and Galaxy Digital are the latest to file for a spot Solana ETF, aiming to list it as “QSOL” on Cboe BZX.
If approved, Invesco would manage the fund, BNY Mellon would handle admin duties, and Coinbase would store the SOL. Galaxy’s job? Sourcing the tokens.
They’re not alone—VanEck, Bitwise, and others are also chasing a Solana ETF. The surge in filings comes after the SEC greenlit Bitcoin and Ethereum ETFs, raising hopes for more crypto funds. Will SOL be next?