Grayscale Investments has filed a proposal with the SEC to transform its Grayscale Solana Trust (GSOL) into a spot Solana ETF, which would be listed on NYSE Arca.
This move aims to enhance investor access to Solana by enabling the trust’s shares to trade as an ETF on a regulated exchange.
Currently operating as an over-the-counter product, the trust’s conversion into an ETF is expected to improve Solana’s price tracking and address inefficiencies associated with its unlisted structure.
This filing is one of several by crypto asset managers seeking to introduce spot Solana ETFs in the US, following the recent re-election of the pro-crypto US president, which has renewed investor interest in digital assets.
