Grayscale Updates Solana ETF Application — Is $SOL the Next Wall Street Favorite?
#SolanaETF #GrayscaleTrust #InstitutionalAdoption #Salma6422 #BinanceSquare
📝 “ETF wave isn’t over — it’s just getting started.”
— Grayscale files fresh S-1/A for its Solana Trust (SOL)
Grayscale has just submitted an updated application to the U.S. SEC for its spot Solana ETF, officially known as the Grayscale Solana Trust (SOL) — and the move signals growing institutional appetite for one of crypto’s fastest Layer 1s.
🔍 What’s in the Update?
The application is filed as an S-1/A, a formal amendment to a previous submission
It sets the management fee at 2.5% — higher than typical BTC/ETH funds
Shows Grayscale’s continued push to bring SOL to traditional investment platforms
This move comes just as Solana’s price climbs and CME futures volume hits all-time highs (more on that in the next post 👀).
💡 Why This Matters
SEC recently approved spot BTC ETFs — ETH followed
SOL is next in line if momentum builds and clarity continues
An ETF could unlock billions in institutional capital into the Solana ecosystem
This isn’t just paperwork — it’s positioning.
🧠 Market Response
$SOL pumped +9.65% shortly after the news
Open interest and trading volume spiked on multiple derivatives platforms
Analysts say the filing confirms SOL’s “blue-chip” status is maturing
🔥 Final Word:
“Bitcoin had BlackRock. Solana may have Grayscale.”
The ETF race is far from over — and Solana just sprinted ahead.
