Grayscale Investments Files for Solana ETF Conversion
- Grayscale Investments has filed with the SEC to launch a spot Solana ETF, aiming to improve investor access to Solana.
- The Grayscale Solana Trust, under the ticker GSOL, would trade on NYSE Arca if approved.
Summary :
Digital asset manager Grayscale Investments has filed with the United States Securities and Exchange Commission (SEC) to launch a spot Solana exchange-traded fund (ETF). The proposed Grayscale Solana Trust (GSOL) ETF would trade on the New York Stock Exchange and would be a conversion of the existing Grayscale Solana Trust into an ETF, similar to how Grayscale converted its Bitcoin and Ethereum trusts into ETFs. The filing states that the Grayscale Solana Trust manages $134.2 million in assets, representing 0.1% of all SOL in circulation. This move comes as several other crypto asset managers have also filed to offer spot Solana ETFs in the US.
Sources :
- Decrypt
- CoinTelegraph
