Grayscale Solana Trust ETF (Ticker: GSOL) Launches on NYSE Arca with Staking
Globenewswire·2025-10-29 11:00

Core Viewpoint - Grayscale Investments has launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca, marking a significant expansion of its digital asset ETP offerings and positioning itself as a leading manager of Solana ETPs in the U.S. [2][4] Company Overview - Grayscale Investments is the largest digital asset-focused investment platform globally, with approximately $35 billion in assets under management (AUM) as of September 30, 2025 [7][8]. - The company has a decade-long track record in digital asset management, providing various investment products that allow investors to access the digital economy [7]. Product Details - GSOL is the first of Grayscale's staking products to uplist under new SEC-approved generic listing standards, providing investors with exposure to Solana through an exchange-traded product format [2][4]. - The ETF began trading on NYSE Arca and is not registered under the Investment Company Act of 1940, meaning it is not subject to the same regulations as traditional ETFs [3]. - GSOL allows investors to participate in Solana's staking rewards, with the potential to pass on 77% of all staking rewards to investors on a net basis [6]. Market Position and Strategy - With the launch of GSOL, Grayscale aims to enhance investor choice and provide low-cost exposure to Solana, which is recognized for its high performance and cost-efficiency as a Proof of Stake blockchain [5][6]. - The company emphasizes the importance of digital asset exposure in modern portfolios, alongside traditional asset classes like equities and bonds [5]. Industry Context - The Solana blockchain is gaining traction among first-time users, innovative businesses, and major financial institutions, contributing to its growth as a platform for digital assets [5]. - As retail and institutional allocations to digital assets increase, products like GSOL are positioned to meet the demand for accessible and familiar investment vehicles in the digital asset space [5].