๐ Exciting times for Solana enthusiasts! Grayscale Investments has proposed a Solana-based ETF to the SEC, aiming to convert their existing Solana Trust into a spot ETF. This move follows similar proposals by 21Shares, VanEck, and others, riding the wave of successful Bitcoin and Ethereum funds.
๐ With $134.2 million in Solana assets under management, Grayscale is poised to become the first Solana ETF issuer. Solana's price has surged 44% recently, sparking interest.
What are your thoughts on Solana's ETF potential? Share in the comments!