Asset Management firm Grayscale Investments has applied to list a spot Solana ETF product with the New York Stock Exchange (NYSE). This filing places Grayscale among the growing list of firms now pressing to list the product in the United States.
Grayscale Solana ETF: Can It Make the Difference?
According to the filing, the Digital Currency Group (DCG) subsidiary plans to uplist the Grayscale Solana Trust as a full-fledged ETF product. The ETF will trade under Rule 19b-4 on NYSE Arca.
This filing makes Grayscale the fifth asset manager to file for a Solana ETF product. Previous Canary Capital, VanEck, 21Shares, and Bitwise have made related move before now.
The industry is anticipating a shift in the leadership of the US Securities and Exchange Commission (SEC). With this shift, the market is expecting more leniency in crypto policies that may help usher in a SOL ETF product to build on issuer’s advance talks with the SEC.
This is a developing story, please check back for updates!!!
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