Grayscale Said Close to Filing to Convert Bitcoin Fund Into Spot ETF, CNBC Says

Grayscale Adds Solana to $494M Digital Large Cap Fund — CoinDesk

Grayscale’s ETF would be backed by actual units of the cryptocurrency, not simply linked it via derivatives contracts such as futures. Should the proposal gain approval, it would be a further expansion of the leading cryptocurrency as a recognized investible asset.

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