Solana ETF News: Grayscale Files for ETF as SOL Climbs 273% in Year While New Altcoin Surges

Grayscale Investments, a leading digital asset manager, has submitted their request to the U.S. Securities and Exchange Commission (SEC) for launching a spot Solana exchange-traded fund (ETF) on December 3). If the SEC approves, the Grayscale Solana Trust would appear on the New York Stock Exchange under the ticker GSOL. This move has contributed to Solana's rapid soar, prompting speculations around SOL reaching new heights if the positive momentum continues.

As SOL climbs 273% in a year, a new altcoin surges—JetBolt (JBOLT). With over 100 million tokens sold during the presale, JetBolt has piqued the interest of tech-savvy whales. 

Let's uncover the latest Solana ETF news and the great power behind Jetbolt's surge in this article.

Grayscale Files for ETF on SOL: Key to a Solana Bull Run?

Grayscale Investments is making headlines once again after submitting a 19b-4 filing to the SEC on December 3rd, detailing its intent to launch a Solana spot ETF. The digital asset manager enters in the running for a spot ETF approval alongside big names like VanEck, 21 Shares, and Canary Capital. 

Gaining approval from the SEC will convert the existing Grayscale Solana Trust into a spot ETF—-a move similar to Grayscale's prior conversions of Bitcoin and Ether trusts to spot ETFs.

Simultaneously, the same approval would also put the Grayscale Solana Trust on the New York Stock Exchange, trading under the ticker GSOL. 

Grayscale's Solana Trust has become the largest Solana investment fund globally, managing approximately $134.2 million in assets, which accounts for about 0.1% of all SOL in circulation. According to the filing, Coinbase Custody is set to serve as the custodian for the fund, while BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, will act as its administrator and transfer agent. This development highlights continued institutional interest in Solana's blockchain ecosystem.

SOL climbed 273% in a year, reaching a record high of $263.21 in November before settling at $236.39 today.  

Will these factors be enough to push for a Solana bull run? The short answer is not yet. Although a growing institutional interest is shown, Solana’s price trajectory will likely depend on broader market conditions, regulatory developments, and sustained adoption of its ecosystem. Without these aligning, a significant rally remains uncertain.

New Altcoin Surges: JetBolt Sold Over 100M During Presale

A hot new altcoin is capturing the imagination of next-gen crypto enthusiasts: JetBolt (JBOLT). This newcomer is already making waves with an impressive presale, having sold over 100 million tokens—an early sign of growing interest.

JetBolt is gaining traction. It stands out with new forms of innovation in the highly competitive altcoin market. At the forefront is JBOLT’s revolutionary zero-gas technology, which eliminates gas fees—a persistent challenge in the crypto ecosystem. This advancement not only streamlines the user experience but also empowers developers to build diverse applications without the burden of high gas costs.

Enhancing its attractiveness, JetBolt redefines staking with an engaging, user-friendly decentralized platform. Unlike traditional staking systems, JetBolt introduces a social layer, with staking rewards for users connecting and interacting with friends. This gamified approach makes staking both accessible and enjoyable, appealing to a wide range of crypto users.

The presale’s momentum continues to climb, fueled by enticing perks for early adopters. Buyers can collect up to 25% in extra tokens through Alpha Box packages and in batch purchases.

It’s clear why bullish sentiment is building around JBOLT, positioning it as a trending altcoin in the evolving crypto landscape. 

Final Thoughts: Solana ETF News vs JetBolt’s Continued Rise

As Solana solidifies its status as a DeFi powerhouse, with Grayscale's proposed spot ETF lighting the way for institutional adoption, this crypto market is rife with expectation. Meanwhile, with JetBolt's disruptive zero-gas technology and engaging staking model, the new altcoin surges as one of the innovative projects to attract crypto whales.

Together, Solana and JetBolt are paving the way for an exciting page in the crypto story, both projects playing unique roles in a rapidly changing market.

Readers who would like to know more about JetBolt can check out the following:

Official Website: jetbolt.io 

Telegram: https://jetbolt.io/telegram   

X/Twitter Page: https://x.com/JetBoltOfficial 

This article does not constitute investment advice. This and other related risks make a highly volatile cryptocurrency market, which implies that before making an investment decision, one should engage in detailed research and understand risks.