Grayscale Files for Spot Solana ETF Under Ticker $GSOL
Grayscale Files for Spot Solana ETF Under Ticker $GSOL
🎯 Grayscale's Solana Plot Twist
Grayscale has submitted an application to the SEC for a spot Solana ETF, joining competitors VanEck and Bitwise in the race. The proposed fund, trading under ticker $GSOL, would become the largest Solana fund with $134.2M in assets under management if approved.
Key developments:
- Multiple firms now pursuing Solana ETF approval
- Ethereum ETF launch targeted for July 23, 2024
- SolanaVM aims to bridge Ethereum and Solana ecosystems
This expansion signals growing institutional interest in Solana's ecosystem alongside Ethereum's established presence.
Want to learn more? Follow the regulatory progress at sec.gov
Grayscale files for a Solana ETF 🚨 The growth of the Ethereum and Solana ecosystems in 2024 shows that this is just the beginning: • July 23, 2024 Launch Ethereum ETF; • Starting Solana ETF. 🌐 SolanaVM will connect these two largest and fastest-growing ecosystems.
SolanaVM ($SVM) Announces Token Launch and Exchange Listings
SolanaVM ($SVM) is set to launch its token generation event (TGE) and CEX listings on July 9 at 2 PM UTC. Key Details: - Token claims available at [solanavm.xyz](http://solanavm.xyz) - Investors can currently view their allocations - Project brings full Ethereum Virtual Machine (EVM) compatibility to Solana - Contract addresses: * EVM: 0x4F6a2F6F066e51e248628190E6B77882bBC9862d * SOL: GNo91D4oKksLiq7TTd2gygCWqAbtU47rSGG1fAo5eA7h The project has also submitted a listing request to CoinGecko (ID: CL0907250047). Visit [solanavm.xyz](http://solanavm.xyz) to participate in the token launch.
Solana Foundation Partners with Dubai VARA for Economic Zone
The Solana Foundation has signed a Memorandum of Understanding (MoU) with Dubai's Virtual Assets Regulatory Authority (VARA) to establish a Solana Economic Zone. This follows their recent partnership with Dubai Multi Commodities Centre. Key developments: - Open relations between developers and regulators - No blockchain network restrictions - Creation of dedicated economic zone for Solana ecosystem This partnership marks a significant step in blockchain regulation and development in the UAE, potentially creating new opportunities for developers and businesses in the region. Want to learn more about Solana's expansion in Dubai? Visit [Solana Foundation](https://solana.org)
SolanaVM Staking Update Q1 2025
SolanaVM reports 30 million tokens staked in Q1 2025, marking a decline from the 80 million tokens staked in October 2024. The project continues development with community backing. - Current staking level: 30M tokens - Previous peak: 80M tokens (Oct 2024) - APR remains at 100% The team announces upcoming updates scheduled for Q2 2025. Staking remains available at [solanavm.xyz/staking](http://solanavm.xyz/staking). *Note: This represents a 62.5% decrease in staked tokens over 6 months.*
Trump to Announce Federal Bitcoin and Solana Strategy
President Trump is expected to unveil a comprehensive cryptocurrency reserve strategy at the upcoming White House crypto summit this Friday. The announcement, confirmed by the Commerce Secretary, will specifically address Bitcoin and Solana integration into federal reserves. Key points: - First-ever federal cryptocurrency reserve strategy - Focus on Bitcoin and Solana implementation - Potential shift in U.S. digital asset policy The move signals a significant shift in U.S. cryptocurrency policy and could establish America as a leader in digital asset adoption. This development may particularly impact Solana's market position and institutional adoption.