The multi-billion-dollar crypto asset manager, Grayscale, has applied to launch the first spot Solana exchange-traded fund (ETF) in the U.S. Grayscale is the fifth asset manager to file for a Solana ETF. The company aims to convert its $120 million Grayscale Solana Trust (GSOL) into a spot ETF after receiving approval from the U.S.
exchange, NYSE.
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