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Solana Gearing Up For Dizzying Rally As Crypto Giant Grayscale Files For Spot SOL ETF

  • Digital assets behemoth Grayscale has filed for a spot Solana (SOL) ETF, converting its existing Solana Trust (GSOL).
  • Grayscale's filing reflects growing institutional confidence in Solana, following the success of Bitcoin (BTC) and Ethereum (ETH) ETFs.
  • If approved, the Grayscale Solana Trust would trade on the NYSE under the ticker GSOL, improving investor access to SOL.
  • Grayscale is the fifth asset manager to apply for a spot SOL ETF, with the price of SOL surging after the filing.

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