Grayscale Investments has submitted an amended S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for its proposed spot Solana (SOL) exchange-traded fund (ETF).
The updated filing specifically discloses a management fee of 2.5% for the prospective Grayscale Solana Trust.
This filing represents a necessary step in the regulatory process, providing the SEC with updated details required for potential approval.
The move signifies Grayscale’s continued pursuit of expanding its digital asset ETF offerings beyond Bitcoin and Ethereum.