- Grayscale Investments is shaking things up by filing for a spot Solana (SOL) ETF with the SEC. If approved, the Grayscale Solana Trust will hit the New York Stock Exchange under the ticker GSOL. 🚀

- This move aims to convert their existing Solana Trust into an ETF, following their successful Bitcoin and Ether conversions.

- With $134.2 million in assets, it's the largest Solana fund around.

- Grayscale faces stiff competition from 21Shares, Canary Capital, VanEck, and Bitwise, as Solana's price has skyrocketed 275% in a year, reaching a $110 billion market cap.

Stay tuned for more!