Solana ETF Milestone Grayscale Files S-1

Grayscale Files S-1 for Spot Solana ETF on NYSE Arca

• Grayscale filed Form S-1 with the SEC to launch a spot Solana ETF.
• The ETF will be listed on NYSE Arca and track SOL’s price using the CoinDesk Solana Price Index.
• Coinbase is designated as the prime broker and custodian, while Bank of New York Mellon will act as transfer agent and administrator.
• The trust will initially accept only cash orders for share creation and redemption.
• As of April 3, SOL had a market value of $59 billion, ranking as the seventh largest digital asset by market cap.

Grayscale has submitted an S-1 filing to the SEC for launching a spot Solana ETF on NYSE Arca. The ETF aims to track SOL’s price through the CoinDesk Solana Price Index, with Coinbase serving as the prime broker and custodian. As of early April, Solana’s market value was $59 billion.