Data: Grayscale Solana Spot ETF Listed, U.S. Solana Spot ETF Recorded a Net Inflow of $47.94 Million on the First Day

ChainCatcher news, on October 29th Eastern Time, Grayscale Solana Trust ETF (ticker GSOL) was converted from a trust to an ETF and officially listed on the New York Stock Exchange, becoming the second Solana spot ETF listed in the United States after Bitwise.

According to SoSoValue data, GSOL had a net inflow of $1.4 million on the day, with a trading volume of $4.86 million and a total net asset value of $103 million.
Bitwise Solana Staking ETF (ticker BSOL) had a net inflow of $46.54 million on the day, with a cumulative net inflow of $116 million, daily trading volume of $74.65 million, and a total net asset value of $330 million.

As of press time, the total net asset value of Solana spot ETFs is $432 million, with a Solana net asset ratio (market value as a percentage of Solana's total market cap) of 0.40%, and a historical cumulative net inflow of $117 million.

Currently, Grayscale Solana Trust ETF only supports cash creation and redemption, with the management fee rate reduced from 2.50% during the trust period to 0.35%. It supports additional yield through Solana staking, with 23% of the staking rewards allocated to Grayscale, the custodian, and staking providers, and the remaining 77% included in the ETF assets.