Grayscale has filed to convert its Grayscale Solana Trust into an Exchange-Traded Fund (ETF), providing investors with a regulated way to invest in Solana (SOL).
This move helps reduce the price discrepancies between the fund’s assets and the actual value of Solana.
Since Gary Gensler’s resignation, there has been a surge in crypto-ETF applications, including the Grayscale Solana ETF and other crypto products like Ethereum and Dogecoin.