Grayscale запускает первый в США спотовый Solana-ETF с возможностью стейкинга Translation: Grayscale launches the first spot Solana ETF with staking capability in the USA.

Grayscale Investments has introduced a spot exchange-traded fund (ETF) based on Solana, featuring a staking option. Trading under the ticker GSOL will commence on October 30 on the NYSE Arca.

Initially, the firm launched GSOL in 2021 as a closed trust.

Grayscale representatives stated that the company has become one of the largest managers of exchange-traded products (ETPs) based on the «people’s cryptocurrency» in the U.S. in terms of assets under management.

«The launch of GSOL reaffirms our belief that a modern portfolio should incorporate digital assets for growth and diversification,» noted Grayscale Senior Vice President Inku Kan.

On October 28, Bitwise launched its spot ETF on Solana (BSOL). On the same day, the company Canary listed instruments on Litecoin (LTCC) and HBAR (HBR) on the Nasdaq.

These launches occurred amidst a government shutdown in the U.S. As a result, the Securities and Exchange Commission (SEC), which oversees ETFs, is operating in a limited capacity.

Despite the shutdown, the SEC issued guidance for companies. This allows them to submit S-1 registration statements without a «stopping amendment,» which previously allowed the regulator time to review the documents.

Without this amendment, ETFs are automatically approved 20 days after the final application is submitted, even without active review by the Commission. Firms only need to meet the listing standards of the exchange.

BSOL’s initial net inflow was $69.5 million. This is the first ETF in the U.S. fully backed by the cryptocurrency SOL.

The total assets under management for the fund have reached $288.92 million.

BSOL’s daily trading volume hit $57.9 million. According to Bloomberg exchange analyst Eric Balchunas, this is the best result among all products launched this year.

According to SoSoValue, LTCC and HBR reported zero capital inflow despite trading volumes of $8.6 million and $1.4 million, respectively. Bloomberg analyst James Seyffart explained that this is common.

New ETF shares are created or redeemed only in response to significant supply and demand imbalances, the expert clarified.

The head of research at K33 Research, Vetle Lunde, highlighted BlackRock’s dominance in the Bitcoin ETF market. He stated that without the inflow into IBIT, all other funds would have shown a net outflow of $1.3 billion since the beginning of 2025.

Lunde believes that BlackRock’s absence from the altcoin ETF market could limit overall fund inflows. However, this presents opportunities for other issuers to compete for dominance in the Solana ETF sector.

Investment firm CoinShares launched the CoinShares Physical Staked Toncoin (CTON) exchange product. This will provide investors access to the blockchain asset of The Open Network (TON) along with the ability to earn staking rewards.

Trading the instrument in U.S. dollars will begin on the SIX Swiss Exchange.

CoinShares noted the increasing interest of European institutional investors in blockchain assets. They believe that the integration of TON with the Telegram messenger provides the network with a unique advantage. The project combines high performance—over 104,000 transactions per second—with access to Telegram’s audience of 900 million active users.

CoinShares CEO Jean-Marie Mognetti referred to TON as “an intriguing development in blockchain infrastructure.”

Key features of CTON include:

Toncoin is already part of the CoinShares Altcoins (DIME) ETF in the U.S. The new instrument expands access to the asset for European investors.

Recall that in October, media reported that the Hong Kong Securities and Futures Commission approved the region’s first spot ETF based on Solana.