Digital Asset Manager Grayscale is registered with the United States Securities and Exchange Commission (SEC) to list Grayscale Solana (Sol) Trust Exchange-Traded Fund (ETF) on New York Stock Exchange (NYSE).
The ETF is a merchant under the ticker symbol “GSOL” and will hold the area Sol as the underlying property, according to the April 4 S-1 filing.
Grayscale announced plans to I -Convert existing Grayscale Solana Trust to an ETF in his 19b-4 Application Filed in the SEC in December 2024.
Files are among many Crypto ETF applications in the United States following a regulatory transfer to Washington DC, and Solana is extensive Looking forward To be the next digital asset ETF approved by SEC.
Grayscale Solana Trust ETF S-1 Registration Form. Source: Sec
Related: Grayscale files S-3 for digital big cap etf
Solana’s price dropped despite Trump’s attention
US president Donald Trump in March Sol’s union announced In the country’s first crypto reserve, next to Bitcoin (Btc), Ether (Eth), XRP (XRP), and the native token of Cardano (Ada).
Digital assets held in the reserve will be available through the asset’s constraints and may not significantly contribute to demand for solutions to sol or price.
“A US crypto reserve will increase the critical industry after years of corrupt biden administration” and include “made in America” cryptocurrencies, Trump wrote in a March 2 fact Social Social Post.
Following the announcement, Sol’s price refused In multi-week lows and dropped approximately 60% due to a high time $ 295 recorded in January 2025.
The negative performance of Sol’s price reflects a greater collapse in crypto markets brought about by fear of a long -term trade war and Trump administration’s tariff policies.
Sol is not good at the midst of the fears of trade war and a greater fall in risk markets. Source: Tradingview
Risk assets tend to suffer during trade wars as investors Escape the Pabagu -Change of Asset classes For more stable successors such as government cash and bonds.
Approval of a Solana ETF can ease this price decrease by providing traditional financial investors to the Sol and Funneling Capital from the stock market to Altcoin.
Fresh investment capital pouring into SOL can prophes up prices in general market collapse, making Altcoin more resilient in price shocks than digital assets lacking traditional investment vehicles.
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