According to the source, Grayscale Solana Trust ETF (GSOL) converted from a trust to a spot ETF and began trading on the NYSE on Oct 29 ET, becoming the second US-listed Solana spot ETF after Bitwise; US Solana spot ETFs recorded $47.94M in same-day net inflows. Source: source post on Oct 30, 2025. GSOL currently supports cash creations and redemptions only, reduced its management fee to 0.35% from 2.50% under the prior trust, and enables SOL staking with 23% of staking rewards retained by Grayscale, the custodian, and the staking provider while 77% accrues to ETF assets. Source: source post on Oct 30, 2025.