The director of the digital assets registered with the US Securities and Exchange Committee (SEC) to include the ETF overclocking box on the New York Stock Exchange (NYSE).
ETF will be traded under the Ticker “GSOL” icon and Sol will keep a spot as a basic origin, according to the S-1 report on April 4.
Grayscale has announced plans to convert the current Solana Trust to ETF in 19B-4 to request He presented with SEC in December 2024.
The deposit is among many ETF encryption applications in the United States after an organizational shift in Washington, DC, and Solana on a large scale expected To be the following digital assets ETF approved by SEC.
Solana Trust Etf S-1 registration form. source: second
Related to: GrayScale S-3 files for Digital Large Cap Etf
Solana Price retreated despite Trump’s attention
US President Donald Trump announced in March that Seoul was included in the country’s first encryption reserves, along with Bitcoin (BTC), Ether (ETH), XRP (XRP), and the original symbol code in Cardano (ADA).
The digital assets held in the reserve will be obtained by confiscating assets and may not contribute significantly to the demand for Sol or price estimation.
“An American encryption reserve that raises this critical industry after years of corrupt attacks conducted by the Biden administration” and includes “currencies” made in America, and Trump wrote on March 2, social social. mail.
After this announcement, the Sol price decreased to its lowest level in several weeks and decreased by almost 60 % in its highest level at all, which is $ 295 in January 2025.
Sol negative prices reflects a wider decrease in the encryption markets caused by fears of a long trade war and Trump administration tariff policies.
Sol has been badly formed amid commercial war concerns and a wider market decline in risk. source: Tradingvief
Assets tend to suffer during commercial wars, where investors escape the volatile assets classes to obtain more stable alternatives such as cash and government bonds.
Approval of Solana ETF can reduce this low prices by giving traditional financial investors exposure to Sol and allocating capital from the stock market to Altcoin.
The new investment capital that flows to Sol may increase prices during the decline in the public market, making Altcoin more flexible in price shocks than digital assets that lack traditional investment vehicles.
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