Grayscale Investments has applied to launch an ETF on Solana.
If approved, the Solana spot ETF will be custodian by Coinbase Custody, and the transfer agent issuing and redeeming shares of the fund and its administrator will be a division of The Bank of New York Mellon.
The Grayscale Solana Trust (GSOL) was launched in 2021 and currently manages $134.2 million in assets. GSOL is a closed-end trust that is not traded on the public market.
It should be noted that applications to launch a Solana ETF from Canary, VanEck, 21Shares, and Bitwise are currently under review by regulators.
Solana has risen more than 45% in November. The positive trend is due to expectations in connection with the possible approval of spot ETFs based on Solana. Sol🚀🚀