- Grayscale Investments has filed for a Solana-based ETF with the NYSE, highlighting Solana’s importance as a leading cryptocurrency and blockchain company.
- The Connecticut-based company launched the Grayscale Solana Trust (GSOL) in 2021. If their proposal is approved, they could convert it into a Solana spot ETF.
On December 3, Grayscale Investments, one of the world’s largest digital asset management firms, formally submitted an application to the New York Stock Exchange (NYSE) for a Solana Exchange-Traded Fund (ETF).
In the 112-page filing under Rule 19b-4, the Digital Currency Group (DCG) subsidiary pointed out that a significant portion of Solana’s assets is held by around a quarter of a million investors across the United States. If the commission approves the filing, Grayscale would become the first issuer of a Solana ETF, having already managed the assets…
