Grayscale Launches New Trust Dedicated to Solana

Grayscale Launches New Trust Dedicated to Solana

Digital asset manager Grayscale Investments has unveiled its 16th investment vehicle which will be passively invested in solana (SOL). Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.

  • The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors, the firm announced Tuesday.
  • It follows similar products that offer exposure to prominent digital assets such as bitcoin, ether, bitcoin cash, litecoin and stellar lumens.
  • Solana has enjoyed explosive growth in 2021, increasing from around $1.50 at the start of the year to $214 at the time of writing.

Read more: Grayscale Files With SEC to Convert Its Bitcoin Trust Into an ETF

Originally Posted on: https://www.coindesk.com/business/2021/11/30/grayscale-launches-new-trust-dedicated-to-solana/
By: Jamie Crawley

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