Grayscale Launches New Trust Dedicated to Solana

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

Nov 30, 2021 at 2:00 p.m. UTC
Updated Nov 30, 2021 at 3:33 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

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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Jamie Crawley is a CoinDesk news reporter based in London.

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Jamie Crawley is a CoinDesk news reporter based in London.

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