Crypto investment manager Grayscale Investments has announced that it has launched a new fund for Solana (SOL).
Grasycale customers will now have the opportunity to invest in Solana without actually holding the asset.
Grayscale CEO Michael Sonnenshein said the company continues to grow with the wider crypto ecosystem:
With this addition, the number of Grayscale trusts increased to 16. The $35.7 billion Bitcoin trust under his management remains the company’s most important product.
Solana, a high-throughput blockchain, has managed to cut Ethereum’s share of the crypto market by taking advantage of Ethereum’s high gas fees.