Grayscale, the main asset manager of cryptocurrency, officially submitted an S-1 form to the Securities and Exchange Commission of the United States to convert his Solana trust into the Stock Exchange (ETF). However, a key aspect is missing because this FNB will not include any Solana exposure.
In gray levels pushes for Solana ETF
The recent file of the company reveals that the FNB, initially appointed Grayscale Solana Trust (Sol), will be listed on the Arca Exchange nyse. If it is approved, it will be renamed as an ETF of Solana Trust in gray levels.
This ETF will contain Sol Tokens and follow their price using the Coindesk Solana price index (SLX). Graycale has confirmed that Coinbase will act as a main and guardian broker, while the New York Mellon bank will serve as an agent and transfer administrator.
However, this decision follows the similar stage of Fidelity earlier this year, reporting growing interest in investment products based in Solana.
No clearing for Solana Etf
Unlike direct soil holders who can spring their tokens to win rewards, the Graycale Solana ETF will not participate in jalitude. This means that investors who buy actions in this FNB will not receive any advantage of staking.
Although some may see this as a drawback, it also reduces regulatory complexities, which could improve the chances of approval by ETF.
Solana ETF approval in 2025?
The optimism of investors concerning the approval of the Solana ETF increases, because the market of the prediction suggests that there is an 83% of approval in 2025. This change is largely due to a more user -friendly approach to crypto regulators, in particular after changes in American leadership.
Solana market prospects
Currently, Solana’s price is negotiated around $ 116, reflecting an increase of 2% in the last 24 hours, with a market capitalization of almost $ 59.6 billion. Solana has also expanded, the volume of negotiations going from $ 5 billion in January to $ 12.6 billion by March 2025.
While anticipation is strengthening for the DRI decision, all eyes are on the next big potential Solana movement on the cryptography market.
