19 Aug 2025
📈SEC Notice on Proposed Rule Change for Grayscale Solana Trust
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Amendment No. 2 to a Proposed Rule Change To List and Trade Shares of the Grayscale Solana Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has published a notice regarding the proposed listing of shares of the Grayscale Solana Trust under NYSE Arca Rule 8.201-E. This marks a significant step for digital asset investment, as the Trust aims to provide a regulated exchange-traded product for the Solana digital asset, addressing market demands and compliance standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines a proposed rule change for listing the Grayscale Solana Trust on the NYSE, which indicates regulatory compliance requirements and market changes impacting financial services and digital asset investment opportunities. The approval of such listings can significantly affect business operations in the cryptocurrency investment sector.