New ETF offers institutional investors Solana exposure with staking rewards amid surging demand for PoS assets
Grayscale Investments has officially entered the Solana exchange-traded fund (ETF) arena with the launch of its staking-enabled Solana spot ETF on NYSE Arca, marking another milestone in the growing competition for institutional Solana access.
The new product, trading under the ticker GSOL, allows investors to gain exposure to Solana’s native token (SOL) while earning staking rewards through the network’s proof-of-stake (PoS) mechanism. Grayscale confirmed the fund launched with $103 million in seed capital, positioning it as one of the largest Solana exchange-traded products (ETPs) in the United States.
“We’re expanding investor choice by introducing diversified, staking-enabled crypto exposure within a regulated structure,” said Inkoo Kang, Grayscale’s Senior Vice President of ETFs.
Bitwise and Grayscale Now Dominate the U.S. Solana ETF Market
The launch follows the debut of Bitwise’s Solana ETF, which began trading earlier this week with $222.9 million in assets under management (AUM). Together, the two funds represent $325.6 million in seed capital, according to data from Farside Investors.
Grayscale distributes 77% of staking rewards to investors, while Bitwise redistributes 72%, retaining 28% as a management fee. Both ETFs integrate staking directly into their structures — a feature designed to reflect Solana’s active network participation model.
Kristin Smith, President of the Solana Policy Institute, emphasized that these products go beyond passive exposure:
“Through staking in these ETFs, investors aren’t just speculating — they’re contributing to network security, supporting developers, and earning real yield.”
Analysts expect significant inflows in the coming months. Ryan Lee, Chief Analyst at Bitget Exchange, estimated that Solana ETFs could attract between $3 billion and $6 billion in their first year, calling it a “transformative milestone for Solana’s institutional adoption.”
With Grayscale’s entry, the race for Solana staking ETFs has officially intensified — signaling a new phase where crypto investment meets yield generation through blockchain participation.
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