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Grayscale Files S-1 for Solana ETF, Drops Staking Option

  • Grayscale has filed an S-1 form with the SEC to launch a Solana ETF without the staking functionality.
  • Solana's fast and low-cost operations has attracted institutional interest in the cryptocurrency.
  • Fidelity Investments also plans to introduce its own Solana ETF to the market.
  • Grayscale's filing represents a significant step for Solana crypto assets and the broader cryptocurrency field.

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