The post Solana ETF Race Heats Up as Invesco Nears Launch appeared on BitcoinEthereumNews.com. Altcoins The competition to dominate Solana-backed investment products is accelerating, and Invesco Galaxy appears ready to join the field. After months of preparation, the firm has crossed a major regulatory milestone, hinting that its exchange-traded fund tied to SOL could be trading sooner than expected. Key Takeaways Invesco Galaxy is close to launching its Solana ETF. The fund will trade under ticker QSOL. It becomes another addition to the growing Solana ETF market. Instead of a traditional announcement, the strongest sign came from paperwork. Invesco submitted Form 8-A to the U.S. Securities and Exchange Commission — an administrative step typically reserved for products approaching their market debut. When this document hits the SEC system, it usually means the technical setup has passed scrutiny and the issuer is simply waiting for the final green light. The filing caps off a busy few weeks for Invesco Galaxy. The firm previously updated its ETF proposal, outlining how the product will operate once listed on the Cboe BZX Exchange. Unlike some new ETFs that attract attention with fee waivers at launch, the firm confirmed it will begin without one but hinted that pricing flexibility remains on the table. Every ETF begins with seed capital. Invesco disclosed that it deployed $100,000 to purchase 4,000 initial shares, effectively triggering the trust’s formation. An independent auditor also reviewed the setup, indicating that the framework has been validated ahead of public trading. Investors will find the product under its assigned ticker symbol, QSOL, once it hits the exchange. Solana’s ETF Ecosystem Keeps Expanding The timing falls in line with rising institutional appetite for Solana. Franklin Templeton only recently rolled out its own SOL-based ETF, and steady inflows suggest that large investors are gradually positioning themselves around the layer-one network. If QSOL begins trading next week — a possibility… The post Solana ETF Race Heats Up as Invesco Nears Launch appeared on BitcoinEthereumNews.com. Altcoins The competition to dominate Solana-backed investment products is accelerating, and Invesco Galaxy appears ready to join the field. After months of preparation, the firm has crossed a major regulatory milestone, hinting that its exchange-traded fund tied to SOL could be trading sooner than expected. Key Takeaways Invesco Galaxy is close to launching its Solana ETF. The fund will trade under ticker QSOL. It becomes another addition to the growing Solana ETF market. Instead of a traditional announcement, the strongest sign came from paperwork. Invesco submitted Form 8-A to the U.S. Securities and Exchange Commission — an administrative step typically reserved for products approaching their market debut. When this document hits the SEC system, it usually means the technical setup has passed scrutiny and the issuer is simply waiting for the final green light. The filing caps off a busy few weeks for Invesco Galaxy. The firm previously updated its ETF proposal, outlining how the product will operate once listed on the Cboe BZX Exchange. Unlike some new ETFs that attract attention with fee waivers at launch, the firm confirmed it will begin without one but hinted that pricing flexibility remains on the table. Every ETF begins with seed capital. Invesco disclosed that it deployed $100,000 to purchase 4,000 initial shares, effectively triggering the trust’s formation. An independent auditor also reviewed the setup, indicating that the framework has been validated ahead of public trading. Investors will find the product under its assigned ticker symbol, QSOL, once it hits the exchange. Solana’s ETF Ecosystem Keeps Expanding The timing falls in line with rising institutional appetite for Solana. Franklin Templeton only recently rolled out its own SOL-based ETF, and steady inflows suggest that large investors are gradually positioning themselves around the layer-one network. If QSOL begins trading next week — a possibility…