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Cboe BZX has filed with the SEC to list the Invesco Galaxy Solana ETF, aiming to provide regulated access to Solana for investors. The proposal highlights Solana’s trading volume but faces concerns over centralization risks due to its proof-of-stake model.
- The Invesco Galaxy Solana ETF would track Solana's price via the Lukka Prime Solana Reference Rate, updated every 15 seconds.
- Critics warn Solana's proof-of-stake model may lead to centralization, with few validators controlling a large share of staked SOL.
- The SEC has delayed decisions on multiple crypto ETFs, including Grayscale's Solana Trust and Invesco Galaxy's Ethereum staking proposal.
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