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Cboe has submitted applications for the Canary stake-type INJ fund and the Invesco Spot Solana ETF, with the SEC reviewing the encryption ETF potentially speeding up the process.
Cboe BZX exchange submitted a staking INJ fund for Canary and an application for a Solana Spot ETF in collaboration with Invesco and Galaxy to the SEC, marking the beginning of the SEC approval process. Under the Trump administration, the review atmosphere has relaxed, and the SEC is evaluating multiple fund proposals, indicating that staking activities may not necessarily constitute a securities issuance, releasing positive signals.