Grayscale to Launch a Spot Solana ETF

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Grayscale Investments has submitted a proposal to the US Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust (GSOL) into a spot exchange-traded fund (ETF).

The ETF would be listed on NYSE Arca, providing investors with greater access to Solana through a regulated exchange.

By converting the trust into an ETF, Grayscale aims to improve SOL’s price tracking and eliminate inefficiencies associated with its current over-the-counter structure.

This move is in line with several other crypto asset managers who have recently filed requests for spot Solana ETFs in the US The re-election of a pro-crypto president has further boosted investor interest in digital assets, making the potential approval of these ETFs more likely.