The asset management giant has officially filed an S-1 form with the U.S. SEC. The goal is to launch a Solana exchange-traded fund (ETF).
If approved, this Solana ETF would provide investors with a regulated way to gain exposure to SOL. This is without having to buy and store SOL themselves.
Grayscale Pushes for Solana ETF Approval
Grayscale has long been a key player in bringing crypto to traditional finance, and this filing is yet another step in that direction. A Solana ETF would make it easier for institutional and retail investors to access SOL, much like Bitcoin and Ethereum ETFs have done for their respective assets.
Solana has gained massive popularity in the crypto world due to its high-speed transactions and low fees. It’s often seen as a strong competitor to Ethereum, particularly for decentralized applications and NFT projects. With Grayscale pushing for an ETF, it’s clear that Solana is cementing its place in the financial markets.
BREAKING: GRAYSCALE FILES S-1 FOR SOLANA ETF pic.twitter.com/XRMFG2LoQo
— DEGEN NEWS (@DegenerateNews) April 4, 2025
Of course, filing an S-1 is just the first step. The SEC will now review the application and decide whether to approve the ETF. Given the agency’s history of delaying or rejecting crypto-related ETFs, nothing is set in stone. However, with the growing demand for regulated crypto investment vehicles, Grayscale may have a shot at getting this one through.
More About Crypto ETFs
Bitwise is launching three new ETFs—$IMST, $ICOI, and $IMRA—designed to help investors capitalize on the volatility of the crypto market. These active option income strategy ETFs will focus on companies like MSTR, COIN, and MARA, offering monthly income distributions while actively managing positions.
Today, Bitwise is launching $IMST, $ICOI, and $IMRA: three active option income strategy ETFs.
Crypto is famous for its volatility! These new ETFs aim to help investors capitalize on that volatility.
IMST, ICOI, and IMRA aim to distribute monthly income to investors while… pic.twitter.com/LNvCSakWV1
— Bitwise (@BitwiseInvest) April 3, 2025
Led by Bitwise’s Head of Alpha Strategies, Jeff Park, the team will monitor industry news, regulatory changes, and market sentiment to navigate the volatility. By selling out-of-the-money call options and holding long positions, these strategies aim to provide both income and exposure to crypto’s high-performance potential, making them a promising option for those looking to invest in major crypto companies.
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