Grayscale’s Solana ETF push: Will it trigger a rally for SOL? – BitRss

• Grayscale joins firms applying for a spot SOL ETF.
• It currently has over $120 million AUM from its GSOL. 

Grayscale Investments is ramping up efforts to expand its product offerings in the cryptocurrency space by filing a proposal with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust (GSOL) into a spot exchange-traded fund (ETF). If approved, the fund would trade on NYSE Arca, joining a wave of similar applications by other firms.

Current Grayscale offering: Solana Trust

The Grayscale Solana Trust, currently structured as a private investment vehicle,…