Grayscale Investments kicked off buying and selling of a brand new Solana-focused ETF on Wednesday, including a staking function 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
In response to Grayscale, the transfer makes the agency one of many largest Solana exchange-traded product managers within the US by belongings below administration.
The transformed ETF lets extraordinary brokerage accounts maintain SOL publicity whereas receiving staking rewards tied to the community.
Inkoo Kang, Grayscale’s Senior Vice President of ETFs, mentioned the launch exhibits the agency’s perception that digital belongings ought to sit alongside shares and bonds in trendy 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 just isn’t alone. Bitwise rolled out its personal Solana ETF on the New York Inventory Trade sooner or later earlier. Canary additionally listed Litecoin and HBAR ETFs on Nasdaq on Tuesday.
These strikes got here amid robust 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 reside on @NYSE Arca, providing U.S. buyers spot @Solana publicity and staking rewards below newly authorized 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 employees had been furloughed.
Kristin Smith, president of the Solana Coverage Institute, mentioned staking-enabled funds supply greater than easy value publicity; individuals may help safe the community, assist developer work, and earn rewards.
The Securities and Trade Fee issued steering allowing corporations to file S-1 registration statements and not using a delaying modification, which lets sure funds take impact mechanically inside 20 days of submitting.
The SEC had additionally authorized up to date itemizing requirements for commodity-based belief shares shortly earlier than the staffing disruption, a step that helped velocity up approvals for dozens of pending crypto ETF functions.
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, in line with CoinMarketCap.
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Primarily based on experiences, the brand new listings didn’t embrace full particulars on payment ranges, which validators can be used for staking, or how staking rewards can be break up after bills.
These operational questions matter to buyers weighing internet returns and counterparty danger. Buying and selling on NYSE Arca does imply simpler entry by way 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
