World's Largest Digital Investment Company, Grayscale Offers Crypto Solana (SOL) To Consumers

Grayscale offers Solana crypto investment (Bitcoinnewsweek)

JAKARTA – The world's largest digital currency investment company Grayscale Investments announced its Solana (SOL) crypto offering for its consumers through the launch of Grayscale Solana Trust. Crypto Solana is included in Grayscale's 16th investment product list.

In its official announcement, Grayscale stated that the Solana Trust was open “to daily subscriptions for accredited individual investors and eligible institutions. The trust functions the same as any of Grayscale's other single asset investment trusts."

As reported by Bitcoin.com News, Grayscale's other single-asset investment products provide exposure to Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Destraland (MANA), Rthereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), Zcash (ZEC), and Horizen (ZEN).

In addition, Grayscale offers a variety of products such as Grayscale Digital Large Cap Fund and Grayscale Defi Fund. The former provides coverage of 70% of the crypto market by market cap. The latter provides exposure to a selection of industry-leading defi (decentralized finance) protocols.

“We have been at the forefront of mainstream acceptance and adoption of crypto, and are increasingly recognizing that investors are diversifying their exposure beyond digital assets such as bitcoin and ethereum,” said Grayscale CEO Michael Sonnenshein.

Grayscale also reported a total asset under management (AUM) of $53.5 billion. Grayscale's most popular investment product is Bitcoin Trust (BGTC) with US$37.3 billion in assets under management (equivalent to Rp539 trillion). The second investment product is Ethereum Trust (ETHE) with an AUM of around US$14.2 billion (equivalent to Rp204 trillion).