Business UpdateMay 13, 2026, 05:07 PM
Grayscale Solana Staking ETF enables in-kind creations/redemptions with Jane Street
AI Summary
Grayscale Solana Staking ETF's sponsor, Grayscale Investments Sponsors, LLC, and the Transfer Agent have amended their Participant Agreement with Jane Street Capital, LLC. This amendment allows Jane Street Capital to conduct creations and redemptions of ETF shares "in-kind," utilizing actual digital assets rather than cash. This significant operational update follows "In-Kind Regulatory Approval" from the SEC for NYSE Arca, streamlining the process for the digital asset ETF.
Key Highlights
- Grayscale Solana Staking ETF amended its Authorized Participant Agreement with Jane Street Capital, LLC.
- The amendment enables Jane Street Capital to conduct "in-kind" creations and redemptions of ETF shares.
- This operational change follows "In-Kind Regulatory Approval" from the SEC for NYSE Arca.
- The Sponsor retains sole discretion to accept in-kind orders for digital asset transfers.
- Authorized Participants must maintain approved self-administered digital asset accounts.
- Shares are created or redeemed in "Baskets" of 10,000 shares.
- The agreement was amended on December 17, 2025, building on prior amendments from May 29, 2024, June 26, 2025, and October 9, 2025.
Price Impact
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