Grayscale Launches Solana Trust — Company Now Manages $54 Billion Across 16 Crypto Investment Funds

Grayscale Launches Solana Trust — Company Now Manages $54 Billion Across 16 Crypto Investment Funds

Grayscale Investments, the globe &#x 2019; s biggest electronic money possession supervisor, revealed (*16 *) the launch ofGrayscale Solana Trust The brand-new trust, which will certainly &#x 201C; exclusively and also passively &#x 201D; purchase solana (SOL), the indigenous token of the Solana network, is Grayscale &#x 2019; s 16th crypto investment item.

The news notes:

The trust is now open for everyday registration by qualified specific and also institutional recognized capitalists. The trust operates the like Grayscale &#x 2019; s various other single-asset investment company.

Grayscale &#x 2019; s various other single-asset investment items offer direct exposure to bitcoin (BTC), fundamental focus token (BAT), bitcoin money (BCH), chainlink (LINK), decentraland (MANA), ethereum (ETH), ethereum standard (ETC), filecoin (FIL), litecoin (LTC), livepeer (LPT), excellent lumens (XLM), zcash (ZEC), and also horizen (ZEN).

In enhancement, Grayscale supplies varied items: Grayscale Digital Large Cap Fund and alsoGrayscale Defi Fund The previous offers protection of the top 70% of the crypto market by market capitalization. The last offers direct exposure to a choice of industry-leading defi (decentralized financing) methods.

Grayscale CEO Michael Sonnenshein commented that for the previous 8 years:

We have had a front row seat to the mainstream approval and also fostering of crypto, and also significantly locate that capitalists are expanding their direct exposure past electronic possessions like bitcoin and also ethereum.

The company reported $53.5 billion in overall possessions under administration (AUM) on (*16 *). Its most prominent item is the bitcoin trust (GBTC) which has greater than $37.2 billion in possessions under administration, complied with by the ethereum trust (ETHE) with an AUM of practically $14.2 billion.

Tags in this tale GBTC, grayscale bitcoin trust, Grayscale Investments, grayscale launches solana, grayscale solana, Grayscale Trust, Solana, solana investment item, solana trust

What do you consider Grayscale introducing a solana investment item? Let us recognize in the remarks area listed below.

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