Grayscale seeks to convert its Solana trust fund to SpotETF and list it on the NYSE

BlockBeats News, on December 4th, Grayscale is seeking to convert its Grayscale Solana Trust Fund (GSOL) into an ETF. The trust fund, created by Grayscale in 2021, manages assets totaling $134 million. Grayscale became the fifth asset management company to seek the launch of a SOL ETF. New York Stock Exchange Arca (the exchange on which the ETF will be listed) submitted a 19b-4 application on Tuesday night. The US Securities and Exchange Commission (SEC) requires exchanges to submit such applications to notify self-regulatory organizations (SROs) of proposed rule changes. (CoinDesk)