Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Grayscale Joins Spot Solana ETF Competition
ALTCOIN NEWS

Grayscale Joins Spot Solana ETF Competition

By Crypto FlexsDecember 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale Joins Spot Solana ETF Competition
Share
Facebook Twitter LinkedIn Pinterest Email

Grayscale Investments, a leading digital asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its existing Solana Trust into the physical Solana Exchange Traded Fund (ETF).

The proposed ETF, which trades under the ticker GSOL, provides investors with direct exposure to Solana (SOL) without the need to hold the cryptocurrency itself. If approved, it will be listed on the New York Stock Exchange.

Grayscale, a leader in Solana investment

According to the filing, GSOL aims to directly track the price of SOL, similar to Grayscale’s existing Bitcoin and Ethereum trust structures. Coinbase Custody serves as custodian for the ETF, and BNY Mellon handles custody and transfer services.

Grayscale Solana Trust is already the largest Solana investment fund in the world, with $134.2 million in assets under management. According to the filing, the trust’s Solana holdings account for approximately 0.1% of all SOL in circulation.

But Grayscale isn’t the only institutional participant in the competition. Competing funds such as 21Shares, Canary Capital, VanEck, and Bitwise are also seeking SEC approval to launch a spot Solana ETF.

Consistent with Solana price rise

The competition comes at a time when Solana’s price has risen 277% over the past year and its market value has surged to more than $112 billion.

Following Grayscale’s announcement, SOL rose 6% to $237 after briefly falling to $217 the previous day, according to CoinMarketCap data.

This is the price change of Solana (SOL) last week. Source: CMC

On the flip side

  • The SEC has not yet approved the physical Solana ETF.
  • Solana’s history of network outages and concerns about decentralization could lead to additional regulatory scrutiny.

Why This Matters

Grayscale’s move highlights growing institutional interest in Solana, a blockchain platform known for its scalability and low transaction costs. If approved, GSOL will make Solana more accessible to existing investors, increasing adoption and market liquidity.

Check out DailyCoin’s popular cryptocurrency news:

Solana Phantom Wallet Flips Coinbase App Amid Memecoin Changes

XRP surges to top 4 cryptocurrencies, surpassing Solana

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

One All-Powerful Asset Across Two Ecosystems

September 24, 2025

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025
Most Popular

Unleash the power of Gridmaster: Find out how to dominate every game – The Defi Info

February 16, 2024

Franklin Templeton Enters the Battle with ETH Rally

February 13, 2024

Coinbase allows wallet users to send cryptocurrency through social media apps.

December 6, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.