Grayscale ETF launches on NYSE

Grayscale Investments began buying and selling a brand new Solana-focused ETF on Wednesday, including a staking characteristic that passes community rewards to traders.

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The fund, now listed on NYSE Arca such because the Grayscale Solana Belief ETF (GSOL), was transformed from a closed-end automobile that first launched in 2021.

From closed-end belief to ETF

In line with Grayscale, this transfer makes the corporate one of many largest publicly traded Solana product managers within the U.S. by property underneath administration.

The transformed ETF can be utilized to carry common funding accounts SOL publicity whereas receiving staking rewards related to the community.

Inkoo Kang, Grayscale’s senior vice chairman of ETFs, mentioned the launch demonstrates the corporate’s perception that digital property ought to sit alongside shares and bonds in trendy portfolios.

Introducing Grayscale Solana Belief ETF (Ticker: $GSOL), giving traders publicity to @Solana $SOLone of many quickest rising digital property. $GSOL features:
⚡ Handy publicity to Solana mixed with staking advantages.
🔑 Publicity to a quick, low cost blockchain.… pic.twitter.com/TgVNlhqBPO

— Grayscale (@Grayscale) October 29, 2025

The competitors has elevated this week

Primarily based on reportsGrayscale shouldn’t be alone. Bitwise launched its personal Solana ETF on the New York Inventory Change a day earlier. Canary additionally listed Litecoin and HBAR ETFs on Nasdaq on Tuesday.

These strikes got here amid sturdy curiosity from asset managers to supply regulated crypto funds that give traders easy accessibility to tokens with out direct custody.

🚨JUST IN: $GSOLthe primary Grayscale Solana Belief ETF with staking goes reside @NYSE Arca, which presents American traders a spot @Solana publicity and wagering rewards underneath newly adopted SEC itemizing requirements. pic.twitter.com/eTzVP9Kb1X

— SolanaFloor (@SolanaFloor) October 29, 2025

Regulatory timing and steerage

These ETF launches occurred amid a partial US authorities shutdown and a few SEC workers layoffs.

Kristin Smith, president of the Solana Coverage Institute, mentioned funds with stake choices present extra than simply value publicity; members can assist safe the community, help builders’ work, and earn rewards.

The Securities and Change Fee has issued steerage permitting corporations to file S-1 registration statements with no deferred modification, which might robotically make sure funds efficient inside 20 days of submitting.

The SEC had additionally accredited up to date itemizing requirements for commodity-based belief shares shortly earlier than the workers disruption, a transfer that helped pace approvals for dozens of pending crypto ETF functions.

What this implies for Solana holders

Solana has constantly strengthened its standing among the many highly effective tokens by way of market valuation, rating sixth in accordance with CoinMarketCap.

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Primarily based on stories, the brand new lists don’t embody full particulars on compensation ranges, which validators will likely be used for staking, or how staking rewards will likely be distributed after deducting charges.

These operational questions are vital for traders weighing internet returns and counterparty danger. Commerce on NYSE Arca does imply simpler entry by way of brokers, however the finer factors of how staking is executed will decide how engaging GSOL turns into versus different Solana merchandise.

Featured picture of Gemini, chart from TradingView