Solana ETF is coming, GSOL is about to land on the New York Stock Exchange!

Grayscale Proposal:

On December 3, Grayscale submitted a 19b-4 filing to the SEC, applying to convert the existing Solana Trust into a Solana spot ETF, with the stock code GSOL. This move mimics its Bitcoin and Ethereum spot ETF conversion model, aiming for listing on the New York Stock Exchange.

SOL Price Surge:

After the news, Solana (SOL) rose by 4% in just one day, with the current trading price around $237. As market enthusiasm for the ETF heats up, the SOL price is expected to strengthen further.

Key Next Steps:

In addition to the 19b-4 filing, Grayscale also needs to submit an S-1 registration statement and obtain SEC approval for GSOL to officially launch in the public market. This will be a critical step for a successful conversion.

Market Impact:

If the ETF is approved, Solana will further solidify its leading position in the blockchain ecosystem while attracting more institutional investors, potentially ushering in a new wave of growth momentum for the SOL market.

Investor Advice:

Keep an eye on the SEC approval progress and ETF dynamics to seize investment opportunities in Solana! #sol板块 #BTC☀