Grayscale expands Solana exposure as GSOL goes live on NYSE Arca

Altcoin exchange-traded funds look to shape the awaited Q4 market-wide rallies.

A day after Bitwise’s Solana ETF started trading, Grayscale confirmed that its Solana Trust (GSOL) went live on NYSE Arca.

The announcement has grabbed attention as it marked Grayscale’s first staking-based ETF listed under the United States’ SEC generic listing rules.

Meanwhile, the new product offers Grayscale customers exposure to a fast-growing blockchain without directly holding SOL assets.

Moreover, the move underscores Grayscale’s dedication to expanding user portfolios as cryptocurrencies see magnified adoption.

Also, enthusiasts can now access digital asset ETFs beyond Bitcoin and Ethereum.

Commenting on the groundbreaking launch, Grayscale’s Senior Vice President Inkoo Kang said:

Today’s GSOL launch underscores our conviction that the modern portfolio includes digital asset exposure for growth and diversification alongside equities, bonds, and alternatives.

Bitcoin and Ethereum ETFPs were just the start, and with GSOL, we’re expanding investor choice, backed by the scale, education, and operational infrastructure advisors and institutions expect.

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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.

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4:33 PM · Oct 29, 2025

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Besides tracking SOL’s price action, GSOL integrates staking incentives into its structure.

That offers investors the opportunity to earn yield while utilizing the Solana blockchain.

How does Grayscale’s GSO work?

The Grayscale Solana Trust launched in 2021 and listed on OTCQX in 2023.

Meanwhile, the asset manager enabled staking for the trust in October 2025, allowing individuals to earn incentives from Solana’s PoS (proof-of-stake) model.

Now, GSOl is uplisted to NYSE Arca to offer investors a familiar ETP that combines Solana’s capabilities with staking benefits.

Participants will enjoy perks without the technical challenges of managing wallets, validator nodes, or private keys.

Grayscale clarified that 77% of staking incentives will accrue to GSOL investors and reflect in the Trust’s NAV (net asset value).

With that, investors can compound to increase their returns over time.

Solana continues to dominate global finance

Solana, known for cost efficiency, scalability, and speed, has become a hot project in the cryptocurrency world.

The network can support up to 1,000 transactions per second (TPS).

That makes it ideal for developers, enterprises, and leading financial players navigating the blockchain industry.

According to Solana Policy Institute’s President Kristin Smith:

The rails of global finance are being rebuilt on Solana, and now millions of investors have exposure to it through Solana staking ETPs like Grayscale’s GSOL.

Staking remains crucial for the stability of any digital asset project.

Besides exposure, people investing in these staking products can secure the platform and accelerate innovation while earning rewards.

Staked tokens are locked for some time, making them illiquid.

That can reduce unexpected selling pressure as funds can’t move or sell tokens abruptly.

SOL is trading at $200 after an over 8% increase the previous week.

GSR forecasted that ETF developments could catalyze Solana growth and propel prices towards the $1,000 long-term target.

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