Breaking: Grayscale Files for Solana ETF

Cover image via U.Today

Grayscale Investments, a prominent cryptocurrency asset manager, has filed for a Solana exchange-traded fund (ETF). This follows Fidelity's similar move in March. As reported by U.Today, the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale's filing in March.

Solana (SOL) is currently down approximately 0.4% in the last 24 hours.

Several other companies, including VanEck, have also submitted ETF applications.

Polymarket bettors assign a very high probability to the approval of a Solana ETF in 2025.

Solana is not alone in seeking a U.S. altcoin ETF. There's significant expectation that ETFs for cryptocurrencies like XRP and Dogecoin (DOGE) will also be approved this year.

Earlier this week, Grayscale also filed for an ETF encompassing a diversified basket of cryptocurrencies, including SOL and XRP. Read the original article on U.Today