Digital asset manager Grayscale Investments has unveiled its 16th investment vehicle which will be passively invested in solana (SOL). Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.
- The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors, the firm announced Tuesday.
- It follows similar products that offer exposure to prominent digital assets such as bitcoin, ether, bitcoin cash, litecoin and stellar lumens.
- Solana has enjoyed explosive growth in 2021, increasing from around $1.50 at the start of the year to $214 at the time of writing.
Read more: Grayscale Files With SEC to Convert Its Bitcoin Trust Into an ETF