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Invesco and Galaxy Digital have taken a crucial step toward launching a Solana ETF by registering a Delaware trust, signaling growing institutional interest. The SEC has requested amendments to S-1 filings, hinting at potential openness to staking mechanisms within ETFs. Competition heats up as Fidelity, Bitwise, and others also vie for Solana ETF approval.
- SEC requests amendments to Solana ETF S-1 filings, specifically addressing staking and in-kind redemption mechanisms.
- Solana Foundation partners with R3 to integrate its blockchain into traditional finance infrastructure, including HSBC and Bank of America systems.
- Competition intensifies with Fidelity, Bitwise, and 21Shares also pursuing Solana ETF approvals, though regulatory hurdles remain.
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