Grayscale Investments has launched its staking-enabled Solana ETF on NYSE Arca, backed by $103 million in seed capital, and is now the second Solana ETP manager in the US.
Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot exchange-traded fund (ETF), expanding institutional access to Solana exposure.
According to a Wednesday announcement, the Grayscale Solana Trust ETF began trading under the GSOL ticker on the New York Stock Exchange Arca platform. The product includes staking functionality, allowing investors to earn rewards through Solana’s proof-of-stake (PoS) network.
Grayscale’s senior vice president of ETFs, Inkoo Kang, said the new product is “expanding investor choice.” The company said it is now among the largest Solana (SOL) exchange-traded product (ETP) managers in the United States by assets under management.
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