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Justin Spittler @JSpitTrades on x 24.6K followers
Created: 2025-07-23 01:45:58 UTC
Grayscale Solana Trust ETF $GSOL pulling back into support.
This is down XX% on the week, despite $SOL being up XX% since Sunday's weekly open.
The reason? GSOL still trades at a premium to net asset value (NAV).
The current premium is 4.8%, which isn't extreme. It was high double digits not long ago.
The premium will compress as we get closer to SOL ETFs being approved, upon which this vehicle will get converted into an ETF.
It's at an interesting spot here. It's pulling back into May highs, which could provide support.
Not a bad spot if you're intermediate to long-term bullish on SOL.
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Related Topics sol digits nav $sol $gsol fund manager solana coins layer 1