Grayscale Submits Solana (SOL) Spot ETF S-1 Filing to US SEC

Minseung Kang

Summary

Grayscale has reportedly submitted paperwork to the SEC to launch a Solana (SOL)-based spot ETF.
It announced plans to convert its existing Solana Trust product into the Grayscale Solana Trust ETF and list it on the New York Stock Exchange Arca.
With the SEC having begun its ETF review in February this year, it is noted that this submission could have a positive impact.

Cryptocurrency investment management firm Grayscale has submitted paperwork to the U.S. Securities and Exchange Commission (SEC) to launch a Solana (SOL)-based spot exchange-traded fund (ETF).

According to crypto-focused media outlet CryptoBriefing on the 4th (local time), Grayscale has submitted the S-1 (securities registration statement) filing to the SEC for the listing of the Solana spot ETF. Grayscale plans to convert its existing Solana Trust product (GSOL) into the 'Grayscale Solana Trust ETF' and list it on the New York Stock Exchange Arca (NYSE Arca).

Grayscale, along with NYSE Arca, submitted the 19b-4 filing for ETF conversion last December. It is reported that the SEC began reviewing the ETF as of February 6th.

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