Grayscale Files for Solana ETF

Asset management firm Grayscale has filed with the New York Stock Exchange (NYSE) for a Solana exchange-traded fund (ETF). If approved, the Grayscale Solana Trust (GSOL) would be converted into a publicly traded ETF, and the first spot Solana ETF in the United States would be birthed. Grayscale’s GSOL fund currently boasts $117 million in assets under management (AUM), making it the firm’s third largest single asset crypto fund behind its Litecoin Trust with $273 million, and its Ethereum Classic Trust with $380 million. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant