🚀 Grayscale Files for Spot Solana ETF – SOL Surges 7%!

The Big News

Grayscale Investments is stepping up with a Spot Solana ETF proposal filed with the NYSE. If approved, this could be a game-changer for institutional investors eyeing Solana (SOL).

With $134.2M in assets under management, Grayscale’s Solana Trust is already the largest investment vehicle for SOL. Now, they aim to turn it into a fully regulated ETF, providing safer, more efficient access to this fast-growing altcoin.

SOL’s Response? 📈

Investors are hyped! Solana’s price jumped 7%, reaching $240, with trading volumes surging by 20%. Approval could unlock new liquidity streams and cement Solana’s position as a leader in DeFi and NFTs.

The SEC decision is eagerly awaited. Could this be SOL’s big institutional moment?

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