Solana is Grayscale’s 15th single trust.  The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl — Grayscale (@Grayscale) November 30, 2021 Grayscale announced today via press release that they are […] The post Grayscale Adds Solana Trust To Their $44 billion Dollar Portfolio appeared first on CryptosRus.

Grayscale Adds Solana Trust To Their $44 billion Dollar Portfolio

Solana is Grayscale’s 15th single trust. 

Grayscale announced today via press release that they are adding smart contract protocol Solana to their growing list of Single Trusts. The professed ETH killer is already a part of Grayscale’s Digital Large Cap Fund.

Recommended: Why Sam Bankman-Fried Says Solana Will Beat Ethereum To Adoption

  • As of September, Grayscale Investments boast 44 billion dollars in assets under management. Not to mention, the investment firm’s products cover 70% of the crypto market.
  •  “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. Our family of Grayscale products will continue to expand alongside this exciting asset class…,” Grayscale CEO Michael Sonnenshein said via press release.
  • Outside of the obvious choices like Bitcoin and Ethereum, the Single Trust includes Basic Attention Token, Decentraland, Livepeer, and Zcash, among others.
  • Solana’s addition as a Single Trust continues a strong year for the Sam Bankman-Fried backed protocol. Not only is the protocol up 11,000% for the year, it’s also seen significant adoption, specifically in the area of NFTs.
  • Solana overtakes Cardano for third place in Grayscale’s Digital Large Cap Fund. It currently occupies about 4% of the entire fund’s holdings. The majority of the fund is invested in Bitcoin (62) and Ethereum (29%).
  • Off the news, Solana is trading in the $217 USD range. It’s up over 5% in the last 24 hours, but only 0.4% up the last 7 days. Solana’s all-time high came earlier this month on November 6th, when the smart contract protocol reached $260.

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