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Grayscale launches solana trust as the ethereum competitor rides an over 10,000% gain in 2021
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Grayscale Investments is launching a product that will solely and passively invest in solana to ride on the eye-popping gains the cryptocurrency has seen since the beginning of the year.
The Grayscale Solana Trust, the 16th investment vehicle from the world's largest digital currency asset manager, is available to individual and institutional investors.
It will be similar to Grayscale's other single-asset investment trusts, including ones that provide exposure to bitcoin, bitcoin cash, ethereum, and litecoin, among others. The Solana Trust has an investment minimum of $25,000 and an annual fee of 2.5%.
Solana, a layer-one protocol, is widely viewed as a competitor to fellow smart-contract platform
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