TLDR
- Grayscale Investments has launched its Solana Trust ETF, ticker GSOL, on the NYSE Arca.
- GSOL became the first staking-enabled digital asset ETP to trade under new SEC-approved listing standards.
- The product makes Grayscale one of the largest Solana ETP managers in the United States, based on assets under management.
- GSOL incorporates staking functionality, allowing investors to earn rewards from the Solana network.
- Grayscale intends to distribute 77% of all staking rewards to GSOL investors on a net basis.
Grayscale Investments has launched its Solana Trust ETF, ticker GSOL, on the NYSE Arca. The product marks the first staking-enabled digital asset ETP to be listed under new SEC-approved standards. GSOL transforms Grayscale into one of the largest Solana ETP managers in the United States, based on assets under management.
Grayscale Solana ETF Begins Trading on Major Exchange
The Grayscale Solana Trust ETF started trading as an exchange-traded product on NYSE Arca. This launch represents a milestone for Grayscale’s expanding product lineup in digital assets. The firm now offers investors regulated access to Solana through a traditional exchange-listed format.
GSOL operates outside the Investment Company Act of 1940 regulatory framework. Consequently, the product does not carry the same protections as registered ETFs and mutual funds. The trust holds Solana tokens but does not constitute direct ownership of the cryptocurrency.
Grayscale leverages its established track record in Bitcoin and Ethereum products for this expansion. The company aims to provide institutional-grade infrastructure for exposure to crypto assets. This approach supports both advisors and institutional clients seeking digital asset allocations.
Staking Rewards Integrated Into Product Structure
The Grayscale Solana ETF incorporates staking functionality to enhance returns for investors. GSOL began staking operations in October 2025 after initial launch in 2021. The trust previously traded on OTCQX before uplisting to NYSE Arca this year.
Staking rewards accumulate directly in the net asset value of GSOL shares. This mechanism allows investors to benefit from compounding returns over time. Grayscale intends to distribute 77% of all staking rewards to GSOL investors on a net basis.
The staking program enables GSOL holders to participate in network validation. Investors help secure the Solana blockchain while earning passive income. This dual benefit distinguishes staking ETPs from traditional spot cryptocurrency products.
Inkoo Kang serves as Senior Vice President of ETFs at Grayscale Investments. He stated that modern portfolios should include digital asset exposure for growth and diversification. Kang emphasized that GSOL expands investor choice beyond Bitcoin and Ethereum products.
Solana Network Gains Institutional Access Point
Solana operates as a high-performance Proof-of-Stake blockchain platform. The network processes transactions with high throughput and low costs compared to competitors. These technical features have attracted developers and financial institutions to build applications.
Kristin Smith serves as President at the Solana Policy Institute. She noted that investors now have exposure to financial infrastructure being built on Solana. Smith highlighted that staking participants help secure the network and accelerate innovation.
The Grayscale Solana ETF provides exchange-listed access to Solana staking rewards. Investors access the asset through a familiar ETP structure with institutional backing. The product targets both retail and institutional allocators seeking cryptocurrency exposure.
Grayscale positions itself as the world’s largest digital asset-focused investment platform. The firm manages multiple cryptocurrency products across different blockchain networks. GSOL adds to this portfolio with specific focus on the Solana ecosystem.
The trust offers low-cost exposure compared to direct ownership of cryptocurrency. Investors avoid the complexities of wallet management and private key security. The ETP format simplifies digital asset investing through traditional brokerage accounts.
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