Grayscale Files Solana ETF S-1 Form with SEC

BlockBeats News, April 4th, according to the U.S. Securities and Exchange Commission (SEC) website, Grayscale today submitted the S-1 form for the Solana ETF to the SEC, changing the name of the Grayscale Solana Trust to Grayscale Solana Trust ETF. This ETF will not have any SOL staking functionality.

BlockBeats previously reported that Grayscale is seeking to convert its Grayscale Solana Trust Fund (GSOL) into an Exchange-Traded Fund (ETF). The trust fund was created by Grayscale in 2021 and manages assets totaling $134 million. Grayscale has become the fifth asset management company seeking to launch a SOL ETF. The New York Stock Exchange Arca (the exchange where the ETF will be listed) submitted a 19b-4 application late on December 3, 2024. The U.S. Securities and Exchange Commission (SEC) requires exchanges to submit such applications to notify the SEC of rule change proposals made by self-regulatory organizations (SROs).