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.