CoinVoice has learned that Grayscale is seeking to convert its Grayscale Solana Trust (GSOL) into an exchange-traded fund (ETF). This trust was established by Grayscale in 2021 and has a total managed asset value of $134 million. Grayscale is the fifth asset management company seeking to launch a SOL ETF.
The New York Stock Exchange Arca (the exchange where this ETF will be listed) submitted a 19b-4 application on Tuesday evening. The U.S. Securities and Exchange Commission (SEC) requires exchanges to submit such applications to notify the SEC of rule change proposals made by self-regulatory organizations (SROs).
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