The Nine Asset Manager is now trying to launch an exchange-traded fund (ETF) tracking Solana, appearing to push the products beyond the firm bitcoin and atherium as the latest to join the bid with Investo.

In a regulator Admission On Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot value of Solanna (Fifth note of musical scale), Currently the sixth largest cryptocurrency by market cap.

It is a ninth filing for a solana-tracking ETF, which is joining the dialects with the choice of Vanek, Bitwaiz and Crypto ETF veteran Grassscale.

Firm seeks to test market hunger for so -called altcunes after major success by Bitcoin (BTC) ETF was launched in early 2024 and wins millers for Ether tied funds (ET) Launched later that year.

The Trump administration has promised to reduce the rules on Crypto, promising to establish a wave of optimism through the region that has seen bitcoin hitting a new high level and triggered a slate of public companies to collectively raise billions to invest in the long term of bitcoin.

Invests Galaxy Fund directly to catch Solana

Invesco and Galaxy filing, a form S-1 registration details that tell the Securities and Exchange Commission that it is planning to start a security, suggests that the planned ETF plans to direct Solana directly-similar to other competitive ETFs.

If approved by the regulator, the ETF will trade on the CBOE BZX exchange under the Tick “Qsol”.

The firms are called a form 19B-4, which records a rule change with SEC to initiate the process of considering the approval of ETF.

This is a developing story, and further information will be added as it is available.

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