Grayscale Investments, one of the largest digital asset management companies, announced the integration of Solana (Sun) and its Ether-based investment product, Ethereum, into its native cryptocurrency.
this function Will be available in bags quoted in the stock market (ETF) based on ether:Grayscale Ethereum Trust (Ethe), Grayscale Ethereum Mini Trust (ETH).
Grayscale also reported that it plans to convert its existing Grayscale Solana Trust (GSOL) with an ETF, which has activated staff.
It must be made clear that through this mechanism, the background blocks assets in the network to perform staking and generate rewards that are reflected in equipment yields.
This gives it an advantage over the Bitcoin ETF (BTC), which does not have this feature, if the prices of these altcoins are stable or lateral. If the price increases more than the price of BTC, the supposed advantage will be lost.
Through a statement, the company indicated that following regulatory approval, GSOL is expected to be one of Solana’s first financial products for staking.
As reported by Cryptootics, the bag and the Securities Commission (SEC) October 10th deadline to respond to requests to launch Solana’s ETF. However, you should consider that with the US government currently closed, you may have to wait some time to find out the final response.
In addition to Grayscale, other companies such as Vanek, 21 Share, Canary, Bitwise, Franklin Templeton, and Fidelity are expecting proposals to be approved or rejected.
It should be remembered that on July 2, an ETF debuted for this asset Rex Shares and Osprey Funds, called Rex Osprey Sol Staking (SSK), and debuted on the Chicago Options Stock Exchange (CBOE).
This fund allows Invest in solar prices and generate additional income through staking.
