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New Grayscale Solana Trust Set to Offer Exposure to SOL for More Investors
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The major digital asset investment firm Grayscale has launched a new solana (SOL)-backed regulated investment product in the US, opening up exposure to the smart contract and decentralized finance (DeFi) space for more investors.
The new product, known as the Grayscale Solana Trust, is already listed among Grayscale’s other digital asset investment products on the company’s website. According to the listing, the fund already has USD 9.5m under management, and comes with a 2.5% annual management fee.
The trust will “solely and passively hold the underlying asset,” while assets will be raised for the trust through a regular private placement offering, Grayscale wrote in an announcement of the new product today. The Solana Trust is only
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