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 traders.
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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 accordance with Grayscale, the transfer makes the agency one of many largest Solana exchange-traded product managers within the US by property beneath 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, stated the launch reveals the agency’s perception that digital property ought to sit alongside shares and bonds in trendy portfolios.
Introducing Grayscale Solana Belief ETF (Ticker: $GSOL), providing traders publicity to @Solana $SOL, one of many fastest-growing digital property. $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 isn’t alone. Bitwise rolled out its personal Solana ETF on the New York Inventory Trade at some point 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 traders 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. traders spot @Solana publicity and staking rewards beneath newly authorised SEC itemizing requirements. pic.twitter.com/eTzVP9Kb1X
— SolanaFloor (@SolanaFloor) October 29, 2025
Regulatory Timing And Steering
These ETF launches occurred whereas the US authorities was partially shut down and a few SEC workers had been furloughed.
The Securities and Trade Fee issued steerage allowing companies to file S-1 registration statements and not using a delaying modification, which lets sure funds take impact routinely inside 20 days of submitting.
The SEC had additionally authorised 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 stays among the many high tokens by market cap, rating sixth, in accordance with CoinGecko. Kristin Smith, president of the Solana Coverage Institute, stated staking-enabled funds supply greater than easy worth publicity; members might help safe the community, help developer work, and earn rewards.
That blend of potential yield and participation creates a brand new choice for traders who need each token publicity and the possibility to obtain staking returns.
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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 traders weighing internet returns and counterparty threat. 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
