๐ Grayscale is on a mission to bring Solana to the masses with a spot ETF! Filing a Form S-1 with the SEC, they're aiming to transform the Grayscale Solana Trust into a publicly traded ETF on NYSE Arca. This could be a game-changer for crypto enthusiasts! ๐
The ETF will track Solana's market price using the CoinDesk Solana Price Index, holding actual SOL tokens. With Coinbase as the prime broker and BNY Mellon as the transfer agent, it's all systems go!
No staking or airdrop participation here, but who needs that when you've got a potential Solana ETF? What are your thoughts? Comment below! #DeFi #Web3 #CryptoRevolution