Grayscale Launches Solana ETF, Joining Competition for Institutional Investment

Cryptocurrency asset manager Grayscale Investments has launched its own staking-enabled Solana spot exchange-traded fund (ETF), increasing access to Solana investments for institutions. The Grayscale Solana Trust ETF began trading on Wednesday under the ticker GSOL on the New York Stock Exchange Arca platform, providing investors with a way to earn rewards through Solana’s proof-of-stake (PoS) network. 💰