What To Know:
- Grayscale Investments has launched its Solana-based ETF, GSOL, on NYSE Arca, expanding its product lineup beyond Bitcoin and Ethereum.
- The fund gives investors exposure to Solana’s ecosystem and staking rewards without managing private keys or direct staking.
- With $35 billion in assets under management, Grayscale joins a growing list of issuers targeting institutional demand for Solana ETFs.
Grayscale Investments has launched its Solana-based exchange-traded product, Grayscale Solana Trust ETF (Ticker: GSOL). This traces a new step in the company’s expansion beyond Bitcoin and Ethereum investment vehicles. The ETF began trading on NYSE Arca on October 29, 2025, giving investors exposure to Solana, one of the fastest-growing Layer 1 blockchains.
Grayscale Begins Trading Solana ETF, $GSOL
The launch follows approval under new generic listing standards set by the US Securities and Exchange Commission. $GSOL is the first of Grayscale’s staking products to uplist under this framework. The product will offer both exposure to Solana’s native token and access to staking rewards.
According to Grayscale’s statement, $GSOL allows investors to gain indirect access to Solana’s ecosystem without managing private keys or navigating staking directly. However, it is not registered under the Investment Company Act of 1940, meaning it does not offer the same investor protections as traditional ETFs or mutual funds.
Introducing Grayscale Solana Trust ETF (Ticker: $GSOL), offering investors exposure to @Solana $SOL, one of the fastest-growing digital assets. $GSOL features:
⚡ Convenient Solana exposure paired with staking benefits.
🔑 Exposure to a high-speed, low-cost blockchain.… pic.twitter.com/TgVNlhqBPO— Grayscale (@Grayscale) October 29, 2025
Inkoo Kang, Senior Vice President of ETFs at Grayscale, said the introduction of GSOL aligns with the company’s belief that modern portfolios should include digital assets. “Bitcoin and Ethereum ETPs were only the beginning. With GSOL, we are expanding investor choice and supporting broader adoption of digital assets,” Kang said.
Kristin Smith, President of the Solana Policy Institute, emphasized Solana’s growing role in digital finance. She said that millions of investors now have the chance to participate in Solana’s network through staking-based ETPs like GSOL.
Solana continues to attract a mix of retail and institutional participants due to its scalability and low transaction costs. The network can handle thousands of transactions per second, enabling developers to build consumer apps, payment systems, and decentralized finance platforms at scale.
Grayscale’s move into Solana strengthens its position among U.S. asset managers offering exposure to alternative blockchain ecosystems. The company said that with the launch of GSOL, it is now among the largest Solana ETP managers by assets under management.
The product was initially launched in 2021 and listed on OTCQX in 2023. Grayscale introduced staking to GSOL in October 2025. The firm said that staking returns are captured in the fund’s net asset value, allowing investors to benefit from potential compounding over time. About 77% of staking rewards will accrue to investors on a net basis.
Solana operates as a Proof of Stake blockchain that enables participants to earn rewards by validating transactions and securing the network. GSOL offers a pathway for institutional investors to gain exposure to this staking yield through a regulated market format.
Grayscale said GSOL is designed for investors seeking exposure to Solana’s growth without directly holding or staking SOL. While staking can generate passive income, it also involves risks such as lock-up periods, validator downtime, and network vulnerabilities.
The company issued a caution that staking requires tokens to be locked for a specific period, making them temporarily illiquid. During this time, the fund remains exposed to price volatility and may miss trading opportunities. Other risks include security breaches, validator compromise, or network failures that could result in a total loss of the staked tokens or rewards.
Grayscale has been managing around $35 billion in digital assets across various single-asset and diversified investment products. Solana ETFs have quickly emerged as one of the most sought-after crypto investment options for traditional institutions. Recently, Bitwise Asset Management’s Solana ETF (BSOL) recorded $69.5 million in inflows, according to data from Farside Investors.
Also Read: Grayscale Targets Institutional Investors with 0.35% Fee Solana ETF
