Grayscale founds Solana Trust-companies now manage $ 54 billion in 16 crypto investment funds-Finance
Grayscale founds Solana Trust-companies now manage $ 54 billion in 16 crypto investment funds-Finance
grayscale investments has put on a Solana trust. The company now manages a total assets of almost $ 54 billion. The new trust, the 16th crypto investment product of the company, will only invest in Solana (SOL). The Grayscale CEO said that investors increasingly diversify their commitment beyond digital assets such as Bitcoin and Ethereum.
Grayscale Solana accepts his list of investment products
Grayscale Investments, the world's largest asset manager for digital currencies, announced the foundation of the Grayscale Solana Trust on Tuesday. The new trust, which will invest "exclusively and passive" in Solana (Sol), the native tokens of the Solana network, is the 16th crypto investment product of Grayscale.
The announcement noted:
The trust is now open for daily drawing by justified private and institutional accredited investors. The trust works just like the other single-asset investment trust from Grayscale.
The other single-asset plant products from Grayscale offer a commitment to Bitcoin ( btc ), basic attention token (bat), Bitcoin Cash ( bch ), chain link (link), decentralized (mana), Ethereum ( eth ), Ethereum-Klassiker ( etc ), Filecoin (fil), litecoin ( ltc ), LivePeer (LPT), star lumen ( xlm ), zcash) and and HORIZONT (Zen).
In addition, Grayscale offers diversified products: Grayscale Digital Large Cap Fund and Grayscale Defi Fund. The former covers the upper 70% of the cryptom market after market capitalization. The latter offers access to a selection of industry-leading defi protocols (decentralized finances).
Michael Sonnenshein, CEO of Grayscale, commented this in the past eight years:
We have a place in the front row in the acceptance and introduction of crypto through the mainstream and increasingly find that investors diversify their commitment beyond digital assets such as Bitcoin and Ethereum.
The company reported an administrative property of $ 53.5 billion (AUM) on Tuesday. The most popular product is the Bitcoin Trust (GBTC), which has an managed assets of more than $ 37.2 billion, followed by the Ethereum Trust (Ethe) with an administrated assets of almost $ 14.2 billion.
What do you think that Grayscale is launching a Solana plant product? Let us know in the comment area below.
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