Investco and Galaxy Digital are submitted together for Solana ETF in Delaware-decisions of the SEC are imminent

Investco and Galaxy Digital are submitted together for Solana ETF in Delaware-decisions of the SEC are imminent
investco requests Solana-ETF in Delaware
In a significant development in the field of cryptocurrencies, the investment company Investco in Delaware has registered a purpose company for a Solana ETF (Exchange Traded Fund). This initiative takes place in cooperation with Galaxy Digital, a specialized financial service provider in the field of digital assets.
The next steps see a submission to the U.S. Securities and Exchange Commission (SEC). This submission must be made by October 10, 2023, which further limits the time frame for a possible approval.
The step of investco could potentially easier access for investors to Solana, one of the most popular cryptocurrencies, and contribute to the further institutionalization of the cryptom market. The SEC plays a crucial role in the approval process because it is responsible for ensuring the security and fairness of the financial markets.
This development is carefully pursued by investors and market observers, since approval of the Solana ETF may open up new investment opportunities and could increase interest in cryptocurrencies in general.