BusinessPostCorner.com
No Result
View All Result
Thursday, May 22, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Grayscale Files New S-1 Form for Solana ETF With SEC

April 4, 2025
in Crypto News
Reading Time: 3 mins read
A A
0
Grayscale Files New S-1 Form for Solana ETF With SEC
ShareShareShareShareShare

Key Takeaways:

  • Grayscale shifts its approach by converting the Solana trust into an ETF, offering a regulated, liquid entry point for crypto exposure amid evolving market trends.
  • SEC approval is required before the new structure takes effect.
  • Investors gain regulated access without direct asset handling.
  • The effort mirrors similar steps with other crypto trusts.
  • Broader market trends and technical signals add extra context.

[/su_note]

Grayscale Investments filed an updated S-1 registration form with the U.S. Securities and Exchange Commission (SEC) on Friday, seeking to convert its existing Solana Trust into an ETF listed on NYSE Arca.

Grayscale’s Filing and Proposed Solana ETF Conversion

In its submission, Grayscale outlined plans to rename the trust as the Grayscale Solana Trust ETF, pending regulatory approval.

The filing notes that if the registration becomes effective and shares are approved for listing on NYSE Arca, the trust would transition into an ETF structure.

By turning its Solana Trust into an ETF, Grayscale seeks to offer investors a regulated and more liquid way to gain exposure to Solana (SOL) without needing to directly buy or store the asset.

SEC Review Pending for Solana ETF Conversion

As of the filing date, the SEC had not yet approved the required 19b-4 form, which NYSE Arca submitted on December 3, 2024.

This rule, part of the Securities Exchange Act of 1934, mandates that exchanges file for approval when listing new products like the proposed Solana ETF.

Grayscale acknowledged in the filing that approval is not guaranteed and the conversion process will not proceed without it.

Grayscale’s effort to bring a Solana ETF to market comes amid increasing institutional interest. The move mirrors Grayscale’s earlier conversion of its Bitcoin Trust into an ETF earlier in 2024, after lengthy regulatory delays.

The potential approval of a Solana ETF could mark a shift in how U.S. investors gain access to Solana.

Solana Price Drops Amid Tariff Shock and Technical Signals

While regulatory efforts continue, Solana’s price has responded to broader macroeconomic headwinds.

The cryptocurrency dropped 8% to $115 following former U.S. President Donald Trump’s announcement of new tariffs, which triggered sharp movements across financial markets.

@Solana drops 8% to $115 as market turbulence intensifies. Analysts warn of a potential dip below $100, even as @Fidelity's spot $SOL ETF filing sparks long-term optimism.#Solana #Cryptohttps://t.co/Oas4jqFgZI

— Cryptonews.com (@cryptonews) April 4, 2025

Bitcoin and Ethereum also fell by over 4%, dragging down the broader crypto market.

A technical analyst on X warned that if Solana breaks below a key support level on the weekly chart, they plan to sell the remaining SOL holdings from their previous all-time high exit.

Solana is currently under pressure as technical indicators point to a bearish trend, compounded by macroeconomic uncertainty.

Despite this volatility, institutional interest and ongoing developments—such as Fidelity’s ETF filing—underscore continued interest in Solana’s future utility despite recent price swings.

The post Grayscale Files New S-1 Form for Solana ETF With SEC appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Ethereum Developers to Launch Pectra Upgrade Mainnet on May 7

Next Post

The Global Story

Next Post
The Global Story

The Global Story

Israel expands Gaza ground offensive after days of air strikes

Israel expands Gaza ground offensive after days of air strikes

May 17, 2025
M&S hackers believed to have gained access through third party

M&S hackers believed to have gained access through third party

May 17, 2025
Gordon Lyons calls for full reinstatement

Gordon Lyons calls for full reinstatement

May 21, 2025
AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data

AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data

May 20, 2025
Trump administration bars Harvard from enrolling international students

Trump administration bars Harvard from enrolling international students

May 22, 2025
Nissan says it could share global plants with Chinese state firm Dongfeng

Nissan says it could share global plants with Chinese state firm Dongfeng

May 16, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Why so many military veterans move into cybersecurity

Why so many military veterans move into cybersecurity

May 22, 2025
Supreme Court gives Trump unprecedented power to fire regulators—except Federal Reserve Chair Jerome Powell

Supreme Court gives Trump unprecedented power to fire regulators—except Federal Reserve Chair Jerome Powell

May 22, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!