Grayscale Investments kicked off buying and selling of a brand new Solana-focused ETF on Wednesday, including a staking characteristic that passes community rewards to buyers.
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The fund, now listed on NYSE Arca because the Grayscale Solana Belief ETF (GSOL), was transformed from a closed-end automobile that first launched in 2021.
From Closed-Finish Belief To ETF
Based on Grayscale, the transfer makes the agency one of many largest Solana exchange-traded product managers within the US by belongings beneath administration.
The transformed ETF lets abnormal brokerage accounts maintain SOL publicity whereas receiving staking rewards tied to the community.
Inkoo Kang, Grayscale’s Senior Vice President of ETFs, stated the launch reveals the agency’s perception that digital belongings ought to sit alongside shares and bonds in fashionable portfolios.
Introducing Grayscale Solana Belief ETF (Ticker: $GSOL), providing buyers publicity to @Solana $SOL, one of many fastest-growing digital belongings. $GSOL options:
⚡ Handy Solana publicity paired with staking advantages.
🔑 Publicity to a high-speed, low-cost blockchain.… pic.twitter.com/TgVNlhqBPO— Grayscale (@Grayscale) October 29, 2025
Competitors Elevated This Week
Primarily based on experiences, Grayscale shouldn’t be alone. Bitwise rolled out its personal Solana ETF on the New York Inventory Alternate someday 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 buyers easy entry to tokens with out direct custody.
🚨JUST IN: $GSOL, the primary Grayscale Solana Belief ETF with staking, goes stay on @NYSE Arca, providing U.S. buyers spot @Solana publicity and staking rewards beneath newly permitted SEC itemizing requirements. pic.twitter.com/eTzVP9Kb1X
— SolanaFloor (@SolanaFloor) October 29, 2025
Regulatory Timing And Steerage
These ETF launches occurred whereas the US authorities was partially shut down and a few SEC workers have been furloughed.
Kristin Smith, president of the Solana Coverage Institute, stated staking-enabled funds supply greater than easy worth publicity; individuals may also help safe the community, help developer work, and earn rewards.
The Securities and Alternate Fee issued steerage allowing companies to file S-1 registration statements with no delaying modification, which lets sure funds take impact robotically inside 20 days of submitting.
The SEC had additionally permitted up to date itemizing requirements for commodity-based belief shares shortly earlier than the staffing disruption, a step that helped pace up approvals for dozens of pending crypto ETF purposes.
What This Means For Solana Holders
Solana has persistently cemented its standing among the many powerhouse tokens when it comes to market valuation, taking the sixth spot, based on CoinMarketCap.
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Primarily based on experiences, the brand new listings didn’t embrace full particulars on payment ranges, which validators shall be used for staking, or how staking rewards shall be cut up after bills.
These operational questions matter to buyers weighing web returns and counterparty danger. Buying and selling on NYSE Arca does imply simpler entry by means of brokerages, however the finer factors of how staking is run will form how enticing GSOL turns into versus different Solana merchandise.
Featured picture from Gemini, chart from TradingView