โค@Grayscale dives into the Solana ETF race! ๐
- Filing to convert its $120M Solana Trust to a spot ETF ๐
- Joins the growing list of asset managers eyeing SOL ETFs ๐
- Solana shines as the 5th largest crypto, trading at $234.73 ๐
- Grayscale is the fifth firm to file for a spot Solana ETF in 2024.
- A Solana ETF would add diversity to the SEC-approved crypto ETFs, including Bitcoin and Ether.
- Solana's market cap is over $111B, with SOL up 5.3% in the last 24 hours.
-The filing was done through NYSE Arca.
-A spot SOL ETF would add diversity to current crypto retail options.
-SOL is currently the 5th largest cryptocurrency by market cap at $111B (as of 12/4/2024).