14.5 C
June 28, 2022
Image default

Grayscale launches Solana Trust for accredited investors

Leading crypto-assets manager Grayscale has launched its next investment product tracking Solana’s performance.

Grayscale Investments, the $50B+ digital asset manager in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust.

O release The company’s press release, dated November 30, explained that the new Trust will “uniquely and passively” invest in SOL – the native cryptocurrency of the popular Solana blockchain project.

The product is now available for daily subscriptions from accredited individual and institutional investors.

Grayscale Solana Trust became the 16th investment product launched by the company, following Bitcoin, Ethereum, Chainlink, Stellar, Litecoin, Ethereum Classic, Decentraland and more.

“For the past eight years, Grayscale has been at the forefront of providing investors with effective exposure to the ever-evolving digital currency ecosystem. We’ve had a front row seat for the acceptance and adoption of cryptocurrencies and increasingly find that investors are diversifying their exposure beyond digital assets like Bitcoin and Ethereum.”

Commented the CEO of the company, Michael Sonnenshein.

Launched in 2013, Grayscale is now the world’s largest cryptocurrency asset manager. Its AUM has soared over the past two years and currently exceeds $50 billion, according to the company’s latest update.

Grayscale is also trying to convert its largest Trust – GBTC – into a Bitcoin ETF in the United States.

Source: CryptoPotato

Related posts

Why doesn’t this analyst see Ripple’s XRP hitting $ 1 soon?

Anupreet Kaur

Price Analysis June 11: Chainlink, Cosmos and Dash

Anupreet Kaur

What happened to the Litecoin hashrate 8 months after halving?

Anupreet Kaur

Leave a Comment