Grayscale Debuts Solana Trust ETF on NYSE Arca, Amidst Staking Reward Controversy

Grayscale launched its Solana Trust ETF (GSOL) on the NYSE Arca on October 29, 2025. Despite this milestone, unverified claims of a 77% staking reward have stirred controversy and cast doubt on investor perception. Grayscale has chosen to focus on the ETF’s listing details and typical network yields rather than substantiated staking claim rumors. This launch signifies potential market impact for Solana but remains a point of contention due to unsubstantiated yield assertions. While Grayscale CEO Michael Sonnenshein emphasizes the ETF’s listing, investor interest may be impacted by the lack of official backing on such high APY claims.