Grayscale дебютирует с Solana-ETF, поддержанным стейкингом, на фоне растущего интереса к криптовалютам Translation: Grayscale Debuts Solana-ETF Supported by Staking Amid Growing Interest in Cryptocurrencies

Grayscale Investments has launched a spot exchange-traded fund (ETF) based on Solana, featuring staking capabilities. Trading for the instrument, identified by the ticker GSOL, is set to begin on October 30 on NYSE Arca.

Initially, the firm introduced GSOL in 2021 as a closed trust.

Grayscale representatives stated that the company has become one of the largest managers of exchange-traded products (ETPs) based on the «people’s cryptocurrency» in the United States, based on asset volume.

*“The launch of GSOL reaffirms our belief that a modern portfolio should incorporate digital assets for growth and diversification,” emphasized Grayscale’s Senior Vice President, Inku Kan.*

On October 28, Bitwise launched its Solana spot ETF (BSOL). On the same day, the firm Canary listed instruments for Litecoin (LTCC) and HBAR (HBR) on the Nasdaq exchange.

These launches occurred amidst a shutdown of the U.S. government, which is causing the Securities and Exchange Commission (SEC) — the regulatory body overseeing ETFs — to operate in a limited capacity.

Despite the shutdown, the SEC *released* guidance for companies, allowing them to submit S-1 registration statements without a «delay amendment,» which previously provided the regulator time to review documents.

Without this amendment, ETFs are automatically approved 20 days after the final application submission, even without active consideration from the Commission. Companies need only meet exchange listing standards.

At the outset, BSOL saw a net inflow of $69.5 million. It marks the first ETF in the United States with 100% direct backing in SOL cryptocurrency.

The total assets under the fund reached $288.92 million.

The daily trading volume for BSOL hit $57.9 million. According to Bloomberg exchange analyst Eric Balchunas, this performance is the best among all products launched this year.

Data from SoSoValue highlights that LTCC and HBR recorded zero capital inflow, despite trading volumes of $8.6 million and $1.4 million, respectively. Bloomberg analyst James Seyffart explained that this is a typical occurrence.

New ETF shares are created or redeemed only in the event of significant supply and demand imbalances, the expert clarified.

K33 Research’s head of research, Vetle Lunde, pointed out BlackRock’s dominance in the bitcoin ETF market. He noted that excluding inflows into IBIT, all other funds would have reported a net outflow of $1.3 billion since the start of 2025.

Lunde believes that BlackRock’s absence in the altcoin ETF market may limit overall capital inflows. However, this opens opportunities for other issuers to compete for dominance in the Solana ETF sector.

CoinShares has launched a new exchange-traded product, CoinShares Physical Staked Toncoin (CTON). This product will provide investors access to the asset of the blockchain known as The Open Network (TON), along with staking rewards.

Trading for this instrument will commence in U.S. dollars on the Swiss SIX Swiss Exchange.

CoinShares noted the increasing interest of European institutional investors in blockchain assets. They believe that the integration of TON with the Telegram messenger provides the network with a unique advantage. The project combines high performance — over 104,000 transactions per second — with access to Telegram’s audience of 900 million active users.

CoinShares CEO Jean-Marie Mognetti described TON as «an exciting development in blockchain infrastructure.»

Key features of CTON include:

Toncoin is already a part of the CoinShares Altcoins (DIME) ETF in the U.S. The new instrument expands access to this asset for European investors.

It is worth noting that in October, media reported that the Securities and Futures Commission of Hong Kong *approved* the first spot ETF based on Solana in the region.