Solana ETF Incoming? Grayscale Files With NYSE Arca
Grayscale has filed to convert its $120 million Solana Trust (GSOL) into a spot Solana ETF through NYSE Arca, marking its entry as the fifth asset manager seeking a Solana ETF this year.
This move follows SEC approvals of multiple spot Bitcoin and Ether ETFs, aiming to expand accessible crypto investment options. Solana, the fifth-largest cryptocurrency with a $111 billion market cap, trades at $234.73, reflecting growing market interest. Grayscale, a leading digital asset manager, continues to diversify its offerings, managing exposure to 29 digital assets across its product suite.
Clever Robot News Desk 6th December 2024
