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Grayscale launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca.
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The ETF includes Solana staking, offering investors yield alongside exposure.
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The launch follows Bitwise’s and Canary’s ETFs despite the SEC operating with limited staff.
Grayscale Expands Solana Exposure for Investors
Grayscale Investments has launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca, joining the wave of new crypto ETFs hitting the market this week. The fund offers exposure to Solana’s price along with staking rewards, marking another milestone for institutional access to digital assets.
From Trust to ETF Conversion
Originally introduced in 2021 as a closed-end vehicle, GSOL has now been converted into an ETF structure. Senior VP Inkoo Kang said the launch reflects Grayscale’s view that digital assets are “a key part of modern portfolios” alongside equities and bonds.
ETF Wave Continues Despite Shutdown
GSOL’s debut follows Bitwise’s Solana ETF on the NYSE and Canary Capital’s Litecoin and HBAR ETFs on Nasdaq earlier this week. The launches came even as the SEC operates under its shutdown plan with minimal staffing.
A New Era for Solana-Based Investing
The SEC’s earlier approval of listing standards has enabled faster ETF rollouts, allowing dozens of crypto funds to go live without direct agency sign-off. Kristin Smith of the Solana Policy Institute said staking products like GSOL allow investors to “help secure the network and earn rewards on one of the most dynamic assets in modern finance.”
