Second Solana ETF launches: Grayscale launches “GSOL”

INFBusiness
29.10.2025
Markets

Grayscale's Solana ETF has officially launched on the New York Stock Exchange (ticker: GSOL), according to a press release.
“Today’s launch of GSOL underlines our belief that a modern portfolio includes exposure to digital assets for growth and diversification, alongside stocks, bonds and alternative investments,” commented Inkoo Kang, Senior Vice President ETFs, at Grayscale on the launch.
This financial product primarily allows institutional investors to participate in the performance of Solana, including the cryptocurrency's staking features. This gives investors not only returns on their locked-up coins but also the opportunity to secure the network.
This makes it only the second Solana ETF to make it to Wall Street. Asset manager Bitwise launched its index fund yesterday, Tuesday.
According to data from Sosovalue, the product attracted an inflow of almost $70 million on its first day. Bloomberg analyst Eric Balchunas says this makes BSOL the most successful ETF launch this year.
Whether Grayscale's GSOL can achieve similar volume remains to be seen. Initial details should emerge tomorrow, Thursday, when the first trading data becomes available.
Investors are hoping that the IPO will generate similar growth effects to those seen with the launch of Bitcoin and Ethereum spot ETFs a year ago. However, you can read here why things might be different for Solana: Solana is on the verge of its ETF moment – why the hype is likely to remain small.

Those who want to directly profit from the Solana hype can do so via Coinbase. The crypto exchange is currently offering new customers an attractive program: anyone who trades €30 on the platform receives €30 in Bitcoin as a gift. Sign up now.

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