Grayscale Launches Solana Trust

• Renowned digital currency asset manager Grayscale Investments has launched their sixteenth investment vehicle, the Grayscale Solana Trust.

• The fund will function similarly to Grayscale’s other products such as their Bitcoin and Ethereum trusts, where it will “solely and passively" invest in Solana ($SOL), the native token of the Solana network.”

• Grayscale CEO Michael Sonnenshein stated in the release that “for the last eight years, Grayscale has been at the forefront of offering investors efficient exposure to the ever evolving digital currency ecosystem. We have had a front row seat to the mainstream acceptance and adoption of crypto, and increasingly find that investors are diversifying their exposure beyond digital assets like Bitcoin and Ethereum. Our family of Grayscale products will continue to expand alongside this exciting asset class, as we remain committed to offering investors opportunities to access the digital economy.”

• Grayscale currently is the world’s largest digital currency asset manager, with more than $50.7 billion in assets under management as of November 2021.