Solana ETF Prospectus Filed by Grayscale

Grayscale Seeks to Launch Solana ETF on NYSE Arca

• Grayscale filed a registration statement for its Grayscale Solana Trust (GSOL) on Friday.
• The aim is to convert the trust into an exchange-traded fund (ETF) on NYSE Arca.
• The filing follows a December submission of a 19b-4 for the Solana trust.
• The ETF will not involve staking funds, addressing previous SEC concerns about proof-of-stake networks.
• Solana was trading at approximately $114.50, showing a slight decrease of 0.4% over the past day.

Grayscale’s recent filing highlights their strategy to expand access to crypto investments by converting the Grayscale Solana Trust into an ETF, which notably excludes staking activities to align with regulatory preferences.