CoinVoice has recently learned that Grayscale is seeking to convert its Grayscale Solana Trust (GSOL) into an exchange-traded fund (ETF). This trust was created by Grayscale in 2021 and has total assets under management of $134 million. Grayscale has become the fifth asset management company seeking to launch a SOL ETF.
New York Stock Exchange Arca (the exchange where the 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 proposed rule changes put forth by self-regulatory organizations (SROs).
(source link)
