The Grayscale Solana Trust has officially transitioned into a fully-fledged exchange-traded fund (ETF) and debuted on the New York Stock Exchange (NYSE) on October 29th. This marks the second Solana spot ETF to be listed in the U.S., following Bitwise. Notably, the debut saw significant inflows for GSOL with $1.4 million in net inflow, alongside a trading volume of $4.86 million and an initial total asset value of $103 million. The Bitwise Solana Staking ETF (BSOL) also experienced substantial inflows on its debut day, totaling $46.54 million, bringing its cumulative net inflow to $116 million. Trading volume for BSOL reached $74.65 million with a total asset value of $330 million. According to latest data, the combined net asset value for all Solana spot ETFs stands at a remarkable $432 million, representing a 0.40% portion of Solana’s overall market capitalization. The historical cumulative net inflow for these ETFs is a strong $117 million. The Grayscale Solana Trust currently offers cash redemptions and boasts a reduced management fee from 2.50% to just 0.35%, which facilitates additional income generation through staking, with 23% allocated to Grayscale, the custodian, and stake providers, while the remaining 77% contributes directly to the ETF’s assets.