Invesco and Galaxy submitted Solana ETF S-1 sign up statement to the SEC.

[Invesco and Galaxy submit Solana ETF S-1 registration statement to the SEC] Investment management company Invesco Ltd and cryptocurrency-focused company Galaxy Digital LP have joined the competition for the Solana ETF. Subsidiaries of both companies submitted a registration statement to the U.S. Securities and Exchange Commission on Wednesday, applying for the "Invesco Galaxy Solana ETF." The statement indicated that if approved, the fund would trade on the Chicago Options Exchange (Cboe) BZX under the ticker symbol "QSOL." Invesco Capital Management LLC will act as the sponsor, and BNY Mellon will serve as the manager. Galaxy will be responsible for acquiring the tokens. The statement also noted that CEX Custody Trust Company, LLC will act as the custodian for SOL. Earlier reports indicated that the SEC requested Solana ETF issuers to update their S-1 filings earlier this month, suggesting that approval may be imminent.