Solana Steps Into Wall Street Arena: Grayscale ETF Launches On NYSE

Grayscale Investments kicked off trading of a new Solana-focused ETF on Wednesday adding a staking feature that passes network rewards to ￰0￱ Reading: Avalanche Expands In Asia — Japan’s Biggest Card Processor Joins The Network The fund now listed on NYSE Arca as the Grayscale Solana Trust ETF (GSOL) was converted from a closed-end vehicle that first launched in ￰1￱ Closed-End Trust To ETF According to Grayscale

the move makes the firm one of the largest Solana exchange-traded product managers in the US by assets under ￰2￱ converted ETF lets ordinary brokerage accounts hold SOL exposure while receiving staking rewards tied to the ￰3￱ Kang Grayscale’s Senior Vice President of ETFs said the launch shows the firm’s belief that digital assets should sit alongside stocks and bonds in modern ￰4￱ Grayscale Solana Trust ETF (Ticker: $GSOL) offering investors exposure to @Solana $SOL

one of the fastest-growing digital assets. $GSOL features: ⚡ Convenient Solana exposure paired with staking benefits. 🔑 Exposure to a high-speed low-cost blockchain.… ￰5￱ — Grayscale (@Grayscale) October 29 2025 Competition Increased This Week Based on reports Grayscale is not ￰6￱ rolled out its own Solana ETF on the New York Stock Exchange one day ￰7￱ also listed Litecoin and HBAR ETFs on Nasdaq on ￰8￱ moves came amid strong interest from asset managers to offer regulated crypto funds that give investors straightforward access to tokens without direct custody. 🚨JUST IN: $GSOL

the first Grayscale Solana Trust ETF with staking goes live on @NYSE Arca offering ￰9￱ spot @Solana exposure and staking rewards under newly approved SEC listing ￰10￱ — SolanaFloor (@SolanaFloor) October 29 2025 Regulatory Timing And Guidance These ETF launches happened while the US government was partially shut down and some SEC staff were ￰11￱ Smith

president of the Solana Policy Institute said staking-enabled funds offer more than simple price exposure; participants can help secure the network support developer work and earn ￰12￱ Securities and Exchange Commission issued guidance permitting firms to file S-1 registration statements without a delaying amendment

which lets certain funds take effect automatically within 20 days of ￰13￱ SEC had also approved updated listing standards for commodity-based trust shares shortly before the staffing disruption a step that helped speed up approvals for dozens of pending crypto ETF ￰14￱ This Means For Solana Holders Solana has consistently cemented its status among the powerhouse tokens in terms of market valuation taking the sixth spot according to ￰15￱ Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally Based on reports

the new listings did not include full details on fee levels which validators will be used for staking or how staking rewards will be split after ￰16￱ operational questions matter to investors weighing net returns and counterparty ￰17￱ on NYSE Arca does mean easier access through brokerages but the finer points of how staking is run will shape how attractive GSOL becomes versus other Solana ￰18￱ image from Gemini

chart from TradingView