Grayscale’s Solana Trust ETF relaunch with staking on NYSE Arca and Bitwise’s recent product debut highlight rapid growth in regulated Solana investment offerings amid updated SEC approvals.
Grayscale Investments launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca on Oct. 29, 2025, converting it from a closed-end trust first established in 2021 and adding staking benefits that pass network rewards to investors. The product enables SOL exposure through standard brokerage accounts while allowing participation in network security. The listing followed updated SEC listing standards for commodity-based trust shares and temporary procedural adjustments during a partial government shutdown. One day earlier, Bitwise launched its own Solana ETF on the NYSE, while Canary introduced Litecoin and HBAR ETFs on Nasdaq. These moves expand regulated crypto investment access beyond Bitcoin and Ether. Solana ranks sixth by market cap, and stakeholders emphasize staking-enabled funds for both yield and participation benefits, though details on staking operations and fees remain undisclosed.