ETF news broke as Invesco Galaxy submitted final paperwork for a Solana ETF, with the QSOL ticker set for an exchange listing news event on the Cboe BZX Exchange. The firm filed a Form 8-A with the SEC, a key step ahead of trading. Invesco Ltd bought 4,000 shares for $100,000. Despite early outflows, the fund now holds over $790 million in assets. Solana’s growth continues with new developments in Japan and Gemini’s credit card.

In accordance with Coinrise, Invesco Galaxy has submitted the final paperwork to launch a Solana exchange-traded fund (ETF), with trading potentially beginning on the Cboe BZX Exchange. The asset manager filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC), marking a key step before the ETF can officially trade on a national exchange. The ETF is expected to trade under the ticker symbol QSOL. In addition, Invesco Ltd, a seed capital investor, purchased 4,000 shares for $100,000, marking the initial purchase of the trust’s shares. Despite recent heavy outflows from Solana ETFs, including a $13.55 million net outflow at the start of the month, the funds now manage over $790 million in assets. Meanwhile, Solana’s momentum is expanding beyond ETFs, with developments such as Japan’s first Solana Treasury firm and Gemini’s Solana Edition Credit Card.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.