Grayscale, Bitwise Launch Staked Solana ETF on NYSE Arca
Grayscale Investments has launched a staked Solana ETF (ticker: GSOL) on the NYSE Arca with $102.7 million in seed capital. It follows Bitwise’s spot Solana ETF debut, which raised $222.9 million, making GSOL the second U.S. Solana ETF. Combined, both products attracted $325.6 million at launch.
The new Grayscale Solana ETF offers direct SOL exposure and on-chain staking. It distributes 77% of staking rewards to investors and retains 23% for operations. Bitwise’s fund allocates 72% of rewards to holders. Analysts forecast $3–6 billion in first-year inflows, driven by enhanced liquidity, tighter bid-ask spreads, and growing institutional demand.
On its first trading day, Bitwise saw $69.5 million in inflows. Market observers note that increased access to staking yields and improved market depth may boost SOL’s trading volumes and price stability. Traders can now compare fees, reward splits, and liquidity across these two Solana ETFs.
Bullish
By launching a second Solana ETF with built-in staking, Grayscale and Bitwise are set to attract significant institutional capital into SOL. Seed assets of $325.6 million combined, first-day inflows, and forecasts of $3–6 billion indicate strong demand. The redistribution of staking rewards enhances yield for investors, while listing on NYSE Arca improves liquidity and narrows spreads. In the short term, this can boost trading volumes and positive market sentiment around SOL. In the long term, increased institutional adoption and on-chain staking support network security and token demand, underpinning bullish fundamentals for SOL.