Grayscale Investments has introduced a new Solana spot ETF that includes staking functionality, becoming the second major issuer in the United States to offer institutional SOL exposure with yield generation.
Trading on NYSE Arca under the GSOL ticker, the ETF allows investors to earn staking rewards through Solana’s proof-of-stake network. Grayscale’s ETF launched with $102.7 million in seed capital, positioning the firm among the largest Solana ETP managers by assets.
The launch comes one day after Bitwise introduced its own staking Solana ETF with $222.9 million AUM. Together, the two issuers have seeded $325.6 million into U.S. Solana ETF products.
Bitwise attracted $69.5 million in first-day inflows, underlining strong demand for institutional SOL access. Analysts expect significant capital inflows into Solana following ETF approvals, with projections suggesting $3–$6 billion within the first year.
Grayscale executives said the product enhances investor choice and supports growing interest in staking strategies within digital asset markets.
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