Grayscale Investments has filed for a Solana-based ETF with the NYSE, highlighting Solana’s importance as a leading cryptocurrency and blockchain company.
Grayscale becomes the fifth asset manager to seek approval for a Solana ETF, following previous filings by VanEck, 21Shares, Canary Capital, and Bitwise.
The approval of a Solana Exchange-Traded Fund is optimistic, but the timing of approval remains uncertain.
Solana's price has surged by 43% in the past month, reaching an all-time high of $264, with a total circulating supply of 475.90 million tokens and a market capitalization of $112 billion.