Crypto ETF Race Heats Up, More Solana ETFs Planned as Snorter Bot Corners Market for Solana Memes

Invesco Ltd and Galaxy Digital LP have filed paperwork with the SEC to offer a Solana-based exchange-traded fund (ETF), joining at least 12 other potential spot and future ETFs awaiting approval. The competition for a leading Solana ETF is heating up, with many players eager to enter the market. The success of Bitcoin and Ethereum ETFs has driven interest in Solana ETFs, with assets under management reaching billions of dollars. The SEC is currently reviewing a pile of pending filings, including ETFs for XRP, SOL, and even an NFT ETF. Institutions are not waiting for the SEC, instead moving towards multi-asset ETFs, which could further boost Solana's outlook. Grayscale wants to convert its Digital Large Cap Fund to an ETF, which could pave the way for others to follow. The lack of clear rules around crypto ETFs is a holdup, but the SEC may approve ETFs and develop rules later. Meanwhile, in the world of Solana meme coins, Snorter Bot is a new tool that could bring clarity and make finding opportunities easier. Snorter Bot is a trading bot designed for trading low-cap Solana memes on Telegram, powered by the $SNORT token. The project has already raised nearly $1.3M in its presale and plans to expand to EVM-compatible chains post-launch.