The Grayscale digital asset manager has registered with the United States Securities and Exchange Commission (SEC) to list the Fider -Bursus Solana (ETF) Fund on a gray scale (NYSE).
The ETF will be negotiated under the symbol of “GSOL” Ticker and will hold SPOT SOL as an underlying asset, according to the April 4 file S-1.
Grayscale announced his intention to convert his Solana trust into an existing gray levels in one ETF in his 19B-4 request filed with the SEC in December 2024.
The deposit is one of several ETF Crypto applications in the United States following a change in regulation at Washington DC, and Solana should be the next digital asset ETF approved by the SEC.
Grayscale Solana Trust ETF S-1 Registration form. Source: SECOND
In relation: Grayscale S-3 files for a large capitalization ETF
Solana Price erases despite Trump’s attention
US President Donald Trump announced in March the inclusion of soil in the country’s first cryptography reserve, alongside Bitcoin (BTC), ETHER (ETH), XRP (XRP) and the native token of Cardano Ada (ADA).
The digital assets held in the reserve will be acquired by the confiscation of assets and cannot contribute significantly to the request for soil or assessment of prices.
“An American crypto reserve will raise this critical industry after years of corrupt attacks from the Biden administration” and includes cryptocurrencies “made in America”, wrote Trump in a social post of truth on March 2.
After the announcement, the soil price has decreased low of several weeks and is down approximately 60% from its $ 295 summit in January 2025.
The performance of negative soil prices reflect a broader slowdown in the cryptographic markets suspended by the fears of prolonged trade war and pricing policies of the Trump administration.
Sol badly preformed in the middle of the fears of the trade war and a broader slowdown in risky markets. Source: Tradingview
Risk assets tend to suffer during commercial wars, as investors flee the classes of volatile assets for more stable alternatives such as cash and government obligations.
The approval of an ETF Solana could mitigate this drop in prices by giving traditional exposure to ground investors to soil and by channeling the capital of the stock market to Altcoin.
A new investment capital paying in soil can support prices during market slowdowns, making Altcoin more resilient with price shocks than digital assets without traditional investment vehicles.
Review: Solana “will be a billion of dollars”: Mert mumtaz, x Hall of Flame
