Grayscale debuts GSOL staking ETF on NYSE Arca, still waiting on full ETF approval

Grayscale announced the trading debut of its Solana staking ETF on the NYSE Arca ￰0￱ ETF launched despite the US government shutdown, still trading in the form of an ETP, which is less strictly ￰1￱ announced the launch of GSOL, its staking Solana ￰2￱ trading product was approved to launch on NYSE Arca despite the US government ￰3￱ investment vehicles follow an earlier launch in the form of ETP, as Grayscale aims to transform its older crypto investment vehicles into ￰4￱ current trading launch still regards the Solana Trust ETF (GSOL) as an ETP entity, before an eventual full transformation into an ETF. However, this is the first uplisting for one of Grayscale’s staking investment vehicles. “ Today’s GSOL launch underscores our conviction that the modern portfolio includes digital asset exposure for growth and diversification alongside equities, bonds, and alternatives,” said Inkoo Kang, Senior Vice President, ETFs, at ￰5￱ the news of the launch, SOL again recovered its earlier price range, trading at $198.97.

Grayscale makes use of generic listing standard Grayscale made use of the new generic listing standard, approved by the US Securities and Exchange ￰6￱ is not registered under the Investment Company Act of 1940, and is not regulated the same way as registered ETFs and mutual ￰7￱ Cryptopolitan reported earlier, the generic listing standard was approved on September 18, opening the door to easier listings for ￰8￱ GSOL product was first launched in 2021 and is still trading on the OTC ￰9￱ remains volatile, though the recent NYSE Arca listing boosted trading volumes on OTC markets. |