November 29, 2022

On the evening of November thirty, the world’s biggest cryptocurrency investment fund Grayscale announced that it has developed a separate item for Solana (SOL).

Soucre: The Jaibreak News

Notably, the Grayscale Solana Trust fund will be the sixteenth crypto investment item supported by Grayscale. Similar to other money in the Grayscale portfolio, the Grayscale Solana Trust will hold a specified sum of SOL and concern shares primarily based on it to present publicity to the currency for institutional traders.

Soucre: Forbes

Solana (SOL) is a single of the quickest increasing cryptocurrencies in 2021, the two in terms of worth and ecosystem development. The value of SOL also greater by pretty much six% thanks to the data over.

1H chart of the SOL / USDT pair on Binance Exchange at twenty:00 on eleven/thirty/2021

Earlier, in early October, Grayscale additional Solana and Uniswap (UNI) to the Digital Large Cap Fund, as reported by Coinlive.

As of November 29, the complete sum of cryptocurrencies managed by Grayscale is $ 52.seven billion, of which 70.four% is produced up of Bitcoin (BTC).