Grayscale has filed with the SEC to convert its Solana Trust into a spot ETF.
Competitors like 21Shares and VanEck are also vying for spot Solana ETFs.
Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust (GSOL) into a spot exchange-traded fund (ETF) listed on NYSE Arca.
If approved, Grayscale’s Solana ETF would mark the U.S.’s third crypto-based ETF and further cement the country’s position as a global leader in digital asset innovation.