Investment giant Grayscale submits to rename its potential Solana (SOL) Exchange-Traded Fund (ETF) and at the same time remove the release of trust.
In a new S-1 application at the US Securities and Exchange Commission (SEC), Grayscale says that it intends resuming The previously submitted trust, Grayscale Solana Trust, to Grayscale Solana Trust ETF.
“In connection with this registration statement, on December 3, 2024, NYSE Arca submitted an application to the Securities and Exchange Commission (the ‘SEC’) in accordance with Rule 19B-4 under the Securities Exchange Act of 1934, as amended (the ‘Sola (the’)) Op the shares of Grayale (the ‘) shares (De’) on the shares of Grayaale shares (the ‘) shares (de’), the shares of Grayaale (the ‘) shares (the’) shares (the ‘) shares (de’)) (the ‘Solana) shares. 19b-4-request ‘) to mention.
From the date of this application, the 19B-4 application has not been approved by the SEC. Confidence does not give a representation when or or such approval is obtained. The trust will not require any effectiveness of this registration statement and there will be no supply of shares below unless and until such an approval has been obtained.
This prospectus has been drawn up on the basis of the fact that the 19B-4 application has been approved by the SEC. “
The 19B-4 application has not been approved or rejected by the SEC, but it has been recognized.
Apart from the name change, the other remarkable update is the exclusion of SOL institution, which means that investors in the proposed ETF will not receive any rewards.
“In addition, and at the moment with other spot SOL-listed products, none of the trust, the sponsor, the custodian, nor any other person related to the Trust, direct or indirectly, will be deployed in the deployment (as defined in it), which means that no action will be taken, and there is no more profit or other profit, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, the sponsor, Associated, such activities will be allowed in the future.
Sol is worth $ 119 at the time of writing, an increase of 4.5% in the day.
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