Grayscale Investments, the world’s leading digital currency asset manager, announced the launch of Grayscale Solana Trust, the company’s sixteenth product. The Trust’s exclusive and passive investment is in Solana (SOL), the native token of the Solana network, a smart contract platform that was initially proposed in a whitepaper in 2017. The Solana network, like the Ethereum network, is one of a slew of initiatives aimed at expanding blockchain’s use beyond that of a peer-to-peer payment system. As a complement to pure Proof-of-Stake (PoS) and Proof-of-Work (PoW) blockchains, the Solana protocol developed the Proof-of-History (PoH) consensus method.
Individual and institutional accredited investors can now subscribe to the Trust on a daily basis. Grayscale’s other single-asset investment trusts work in the same way as this one.
Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), Zcash (ZEC), and Horizen (HOR) (ZEN). Grayscale also provides thematic exposure to digital assets through its diversified products, Grayscale Digital Large Cap Fund, which covers the top 70% of the digital currency market by market capitalization, and Grayscale DeFi Fund, which tracks the CoinDesk DeFi Index through a market-capitalization weighted portfolio.
Additional Products By Grayscale
Grayscale’s investment products are accessible through periodic private placements to institutional and individual authorised investors.
On OTC Markets’ OTCQX Best Market, several Grayscale items are publicly traded. In compliance with SEC laws and regulations, shares of these products have been unrestricted and may be purchased and sold at any time throughout the day through any brokerage account. These items include:
- Grayscale Bitcoin Cash Trust
- Grayscale Bitcoin Trust
- Grayscale Digital Large Cap Fund
- Grayscale Ethereum Classic Trust
- Grayscale Ethereum Trust
- Grayscale Horizen Trust
- Grayscale Litecoin Trust
- Grayscale Stellar Lumens Trust
- Grayscale Zcash Trust
Grayscale could try to get new product shares listed on a secondary market. Although the shares of some Grayscale products have been approved for trading on a secondary market, such as OTCQX, investors in a new product should not assume that the shares will ever be approved because the SEC and/or FINRA may have questions about the product’s underlying digital assets’ status under federal securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be unlawful, nor shall there be any sale of any security in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under that jurisdiction’s securities laws.
About Grayscale Investments
Grayscale Investments, which was founded in 2013, is the world’s largest digital currency asset manager, with over $50.7 billion in assets under management as of November 26, 2021. Grayscale’s investment products enable access and exposure to the digital currency asset class in the form of a security, avoiding the difficulties of purchasing, storing, and safeguarding digital currencies directly. Grayscale’s products operate inside current regulatory frameworks, providing investors with secure and compliant exposure. They have a solid track record and unequalled experience. Genesis Global Trading, Inc. distributes grayscale items.