Grayscale Launches New Trust Dedicated to Solana

Digital asset manager Grayscale Investments has unveiled its 16th investment vehicle which will be passively invested in SOL$195.31. 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