Grayscale files for spot Solana ETF with SEC
Summary
Grayscale Investments has filed to list a spot Solana (SOL) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). If approved, the Grayscale Solana Trust, under the ticker GSOL, would trade on the New York Stock Exchange. The filing aims to convert the existing Grayscale Solana Trust into a spot ETF, similar to its Bitcoin and Ether products. The trust is the largest Solana investment fund, managing approximately $134.2 million in assets. Grayscale competes with 21Shares, Canary Capital, VanEck, and Bitwise for SEC approval amid Solana's 275% price increase over the past year.
