Grayscale Investments launched its Solana Trust ETF (GSOL) on NYSE Arca on Wednesday, providing investors with exposure to Solana (SOL) and staking rewards, the firm confirmed in a statement.
The ETF allows both retail and institutional investors to gain Solana exposure through traditional brokerage accounts while participating in network staking, a move aimed at combining portfolio diversification with blockchain utility. Grayscale said it is now one of the largest Solana ETP managers in the U.S. by assets under management. The launch follows a similar move by Bitwise, which debuted its Solana ETF on the New York Stock Exchange a day earlier, alongside Canary’s listings of Litecoin and HBAR ETFs on Nasdaq.
Despite the ongoing U.S. government shutdown, firms continue pushing crypto ETFs forward, taking advantage of recently clarified SEC procedures for new listings. Analysts note that staking products like GSOL offer investors both financial exposure and active participation in network security and development.
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