In a landmark move for the digital asset market, the U.S. Securities and Exchange Commission (SEC) has approved the Grayscale Solana Trust ETF for listing and registration on the New York Stock Exchange (NYSE Arca).
The approval, confirmed on October 28, 2025, marks a pivotal moment for Solana, the first time a Solana-based exchange-traded fund has been cleared for public trading in the United States.
BREAKING: @Grayscale Solana Trust ETF approved for listing and registration by the SEC 👀 pic.twitter.com/SxWLQmg4J5
— Solana (@solana) October 28, 2025
Solana Joins the ETF Era
The announcement, shared by Solana’s official X account, included the official NYSE Arca certification letter addressed to the SEC’s Division of Corporate Finance. The document formally confirms that the Grayscale Solana Trust ETF Shares are approved for listing under the Exchange Act of 1934, enabling regulated institutional and retail participation in Solana exposure.
This milestone positions Solana alongside Bitcoin and Ethereum, both of which already have multiple ETFs approved or trading. The move comes amid a surge in institutional appetite for diversified crypto exposure and signals growing regulatory acceptance of blockchain networks beyond the two leading digital assets.
Grayscale Expands Its Multi-Chain ETF Strategy
For Grayscale, the Solana Trust ETF adds to its growing roster of regulated crypto investment products. The firm, known for pioneering the first Bitcoin Trust and later transitioning it into a full ETF, continues to push for broader digital asset accessibility through public markets.
This move also aligns with a wider trend of multi-chain ETF diversification, as asset managers increasingly look beyond Bitcoin and Ethereum to capture the performance of emerging Layer-1 ecosystems.
A New Chapter for Solana’s Global Adoption
The Solana ETF approval represents more than regulatory progress; it’s a symbolic milestone for the blockchain’s global adoption trajectory. With network activity at record highs, daily active wallets surpassing 2.5 million, and growing traction in tokenized treasuries and gaming, Solana’s entrance into ETF territory further cements its status as one of crypto’s most advanced and institutionally viable blockchains.
As Solana’s integration into regulated financial infrastructure accelerates, investors now have a new gateway to participate in one of the fastest-growing ecosystems in the digital economy.