IPO - Grayscale Solana Trust (SOL)

Form Type: S-1

Filing Date: 2025-04-04

Corporate Action: Ipo

Type: New

Accession Number: 000095017025050885

Filing Summary: Grayscale Solana Trust (SOL) is registering its Shares with the purpose of listing them on NYSE Arca under the symbol 'GSOL.' The trust aims to provide a vehicle for investors to gain exposure to SOL, the digital asset of the Solana Network, by issuing common units of fractional undivided beneficial interests in the Trust. Upon effectiveness of the registration statement, the Trust intends to be renamed as Grayscale Solana Trust ETF. The Trust will issue Shares on an ongoing basis and will offer a basket of Shares to Authorized Participants. The underlying asset of the Trust will be SOL, and the investment objective is to track the value of SOL, minus expenses. The application for listing on NYSE Arca filed on December 3, 2024, is pending SEC approval. There are discussions about future in-kind creation and redemption of Shares pending regulatory clarification. The Trust indicates it is an emerging growth company with associated reduced reporting requirements. Furthermore, it cautions investors on market volatility and potential regulatory risks that may impact the value of the Shares.

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