Grayscale Investments has taken another step to expand its footprint in the digital asset market, filing with the US Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF).
If approved, the ETF would trade under the ticker symbol GSOL on the New York Stock Exchange, offering investors direct exposure to Solana (SOL), one of the fastest-growing blockchain platforms in the crypto ecosystem.
The filing, submitted as a 19b-4 request, marks Grayscale’s continued push to transform its existing crypto trusts into fully regulated ETFs. The firm has already achieved this for its flagship Bitcoin and Ether investment products, which now trade as spot ETFs following SEC approval earlier this year.
According to the filing, the Grayscale Solana Trust is currently the world’s largest Solana-focused investment fund, managing approximately $134.2 million in assets as of the filing date.
The news caused SOL to surge almost 7% to $238 be
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