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.

According to Farside Investors, Grayscale’s GSOL converted from a trust to a Solana spot ETF on Oct 29, 2025, as announced by the firm on X (source: Farside Investors). According to Farside Investors, GSOL has also been added to the firm’s Solana spot ETF flow monitor, allowing traders to track GSOL flow data on the Farside tracker page (source: Farside Investors Solana ETF flow monitor).