{"id":14851,"date":"2021-11-30T23:54:11","date_gmt":"2021-11-30T23:54:11","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/grayscale-launches-solana-trust-company-now-manages-54-billion-across-16-crypto-investment-funds\/"},"modified":"2021-11-30T23:54:11","modified_gmt":"2021-11-30T23:54:11","slug":"grayscale-launches-solana-trust-company-now-manages-54-billion-across-16-crypto-investment-funds","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/grayscale-launches-solana-trust-company-now-manages-54-billion-across-16-crypto-investment-funds\/","title":{"rendered":"Grayscale Launches Solana Trust \u2014 Company Now Manages $54 Billion Across 16 Crypto Investment Funds"},"content":{"rendered":"

Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company\u2019s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly \u201cdiversifying their exposure beyond digital assets like bitcoin and ethereum.\u201d<\/strong><\/p>\n

Grayscale Adds Solana to Its List of Investment Products<\/h2>\n

Grayscale Investments, the world\u2019s largest digital currency asset manager, announced Tuesday the launch of Grayscale Solana Trust. The new trust, which will \u201csolely and passively\u201d invest in solana (SOL), the native token of the Solana network, is Grayscale\u2019s 16th crypto investment product.<\/p>\n

The announcement notes:<\/p>\n

The trust is now open for daily subscription by eligible individual and institutional accredited investors. The trust functions the same as Grayscale\u2019s other single-asset investment trusts.<\/p>\n

Grayscale\u2019s other single-asset investment products provide exposure to bitcoin (BTC<\/a>), basic attention token (BAT), bitcoin cash (BCH<\/a>), chainlink (LINK), decentraland (MANA), ethereum (ETH<\/a>), ethereum classic (ETC<\/a>), filecoin (FIL), litecoin (LTC<\/a>), livepeer (LPT), stellar lumens (XLM<\/a>), zcash (ZEC), and horizen (ZEN).<\/p>\n

In addition, Grayscale offers diversified products: Grayscale Digital Large Cap Fund and Grayscale Defi Fund. The former provides coverage of the upper 70% of the crypto market by market capitalization. The latter provides exposure to a selection of industry-leading defi (decentralized finance) protocols.<\/p>\n

Grayscale CEO Michael Sonnenshein commented that for the past eight years:<\/p>\n

We have had a front row seat to the mainstream acceptance and adoption of crypto, and increasingly find that investors are diversifying their exposure beyond digital assets like bitcoin and ethereum.<\/p>\n

The company reported $53.5 billion in total assets under management (AUM) on Tuesday. Its most popular product is the bitcoin trust (GBTC) which has more than $37.2 billion in assets under management, followed by the ethereum trust (ETHE) with an AUM of almost $14.2 billion.<\/p>\n

What do you think about Grayscale launching a solana investment product? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, GBTC, grayscale bitcoin trust, Grayscale Investments, grayscale launches solana, grayscale solana, Grayscale Trust, Solana, solana investment product, solana trust<\/p>\n","protected":false},"excerpt":{"rendered":"

Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company\u2019s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly \u201cdiversifying their exposure beyond digital assets like bitcoin and ethereum.\u201d…<\/p>\n","protected":false},"author":0,"featured_media":14852,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14851"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14851"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14852"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}