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Finance

Grayscale Launches New Trust Dedicated to Solana

The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors.

By Jamie Crawley
AccessTimeIconNov 30, 2021 at 2:00 p.m. UTC
Updated May 11, 2023 at 7:05 p.m. UTC
sonnenshein, grayscale
sonnenshein, grayscale

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.
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    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter
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