Cboe BZX Dey Look SEC Make Dem Approve Invesco Galaxy Solana ETF
Cboe BZX Exchange don file one proposal for change rules with SEC to put Invesco Galaxy Solana ETF for list. Di Solana ETF wan track how SOL price dey behave, e go give regulated and liquid way for people to get chance without keeping the token directly. Invesco Galaxy, wey be joint work of Invesco and Galaxy Digital, join traditional finance with crypto palava. SEC go check this Solana ETF matter under Section 19(b)(1) and Rule 19b-4. Dem go look things like market surveillance, how to keep custody well, valuation method, and how to protect investors. Public fit talk their mind and amendments fit make the time for approval long. Analysts dey talk say this Solana ETF show say institutional people get correct trust for Solana blockchain. If dem approve, institutions plus retail traders fit take their crypto portfolio scatter well, bring capital and liquidity, and e go also prove say Solana ecosystem get strength, e fit make way for other altcoin ETFs aside from BTC and ETH. Even though regulatory wahala still dey, Solana ETF na big step for digital asset ETFs. Traders suppose dey watch SEC matter well because if dem approve, e fit make SOL price go up by making people want am more through popular brokerage platform dem.
Bullish
Di filing for Solana ETF wit Cboe BZX show say institutions dey begin take SOL serious. For history, ETF plans dey bring money inside cos institutions dey use regulated way dem, dem remove custody wahala plus e make market get more money. Short time after dem file, market dey mostly bullish, traders dey ready for demand wey main brokerages go bring. Long time, if SEC approve, e go join SOL with easy to reach taxed accounts, e go bring steady money and e go show say Solana network solid. Even as market still dey shake, ETF structure dey reduce custody risks and e fit institutional rules, e mean say SOL get better future.