Grayscale Launches GSOL on NYSE Arca—First U.S. Staking-Enabled Solana ETP
Grayscale Investments has the Grayscale Solana Trust ETF (ticker: GSOL) on the NYSE Arca, marking its first U.S.-listed platform-traded product that incorporates staking rewards. The move follows the Securities and platform Commission’s approval of , allowing staking-enabled digital asset products to trade on regulated platforms.
The fund offers investors exposure to Solana (SOL) while enabling them to earn staking rewards through the network’s proof-of-stake mechanism. According to Grayscale, about 75% of the trust’s SOL holdings are already staked, and investors will receive 77% of the net staking rewards, with the remaining portion used to cover operational costs. At launch, GSOL held approximately $100 million in assets under management.
Michael Sonnenshein, CEO of Grayscale, described the launch as a milestone in integrating digital assets into mainstream financial markets.
“GSOL represents our continued effort to give investors regulated access to the most innovative parts of the crypto ecosystem, combining exposure to Solana with the benefits of staking,” he said in the company’s announcement.
The listing also positions Grayscale as one of the first major asset managers to bring a staking-enabled Solana product to a U.S. platform.
Industry observers view the move as a pivotal step toward broadening investor access beyond BTC and ETH-based ETFs. Kristin Smith, President of the Solana Policy Institute, said the ETF demonstrates “how Solana’s efficiency and scalability can now reach traditional investors through a familiar structure.”
However, Grayscale cautioned that GSOL is not registered under the Investment Company Act of 1940, meaning it does not offer the identical protections as traditional ETFs. The firm also highlighted the potential risks tied to staking, including token lock-up periods, Block confirmer downtime, and exposure to network vulnerabilities.
The debut of GSOL comes amid growing demand for diversified crypto investment products and signals the expanding role of staking in institutional portfolio strategies. As regulatory clarity improves, analysts expect more asset managers to introduce similar staking-based ETFs covering a wider range of digital assets.
Grayscale Pave Way For Market
Grayscale Investments has accelerated its ETF strategy with a series of launches that broaden regulated crypto access in the United States. The firm introduced the , giving investors a new income-generating avenue by combining spot ETH exposure with covered-call options—a first for a U.S.-listed ETH product.
Building on that, Grayscale rolled out staking-enabled ETFs, including , following the SEC’s approval of new generic listing standards. These funds allow investors to benefit from staking rewards within a regulated structure, signaling a shift toward yield-based crypto investment vehicles. The expansion coincides with the which includes BTC, ETH, and Solana.
