Grayscale Launches Solana-Focused ETF With Staking on NYSE Arca

Grayscale Investments has launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca, transitioning from a closed-end vehicle started in 2021. This ETF allows investors to gain exposure to Solana while earning staking rewards.

Key Points

The GSOL ETF is now trading on NYSE Arca, providing Solana exposure combined with staking benefits.
Grayscale aims to position digital assets alongside traditional stocks and bonds in investor portfolios.
Competitors like Bitwise have also launched Solana ETFs recently, indicating growing interest in regulated crypto funds.
New SEC guidance facilitates faster approval for crypto ETFs, even amid partial government shutdowns.
Details about fees, validators, and reward distribution are still pending, affecting investor decisions on net returns and risks.

The launch of GSOL is part of a broader trend where asset managers seek to offer straightforward access to cryptocurrencies without requiring direct custody by investors.