Grayscale Launches Solana Trust for Accredited Investors

Grayscale Investments, the digital asset supervisor with over $50B in AUM, introduced the launch of its sixteenth funding car – the Grayscale Solana Trust.

  • The firm’s press release, dated November thirtieth, defined that the brand new Trust will “solely and passively” spend money on SOL – the native cryptocurrency of the favored blockchain undertaking, Solana.
  • The product is already accessible for day by day subscriptions by eligible particular person and institutional accredited buyers.
  • The Grayscale Solana Trust has develop into the sixteenth funding product launched by the corporate, following such for Bitcoin, Ethereum, Chainlink, Stellar, Litecoin, Ethereum Classic, Decentraland, and extra.
  • “For the final eight years, Grayscale has been on the forefront of providing buyers environment friendly publicity to the ever-evolving digital foreign money ecosystem. We have had a front-row seat to the mainstream acceptance and adoption of crypto and more and more discover that buyers are diversifying their publicity past digital belongings like Bitcoin and Ethereum.” – commented firm CEO Michael Sonnenshein.

  • Launched in 2013, Grayscale is now the most important cryptocurrency asset supervisor. Its AUM has skyrocketed previously two years and presently exceeds $50 billion, based on the latest update from the agency.
  • Grayscale can be actively attempting to transform its largest Trust – GBTC – right into a Bitcoin Spot ETF within the United States.

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