Grayscale Paves The Way For A Historic Solana ETF
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Grayscale, one of the giants in cryptocurrency investment, recently shook the Securities and Exchange Commission (SEC) by filing a proposal to create a Solana spot ETF. This bold move could mark a turning point in the approval of spot ETFs for cryptocurrencies other than Bitcoin and Ether. The Grayscale Solana Trust, currently the largest reserve of investments in Solana, could soon be converted into an ETF under the symbol GSOL. This development, if validated, could redefine how institutional investors access Solana and shine a welcome spotlight on this blockchain.
