Grayscale has now launched the Solana Trust (GSOL). GSOL is a trust that permits investors to gain exposure to the Solana cryptocurrency without needing to buy, store, or keep the asset securely themselves. This is done by tracking the CoinDesk Solana Price Index (SLX), and its investment objective is for the value of the shares to match the value of Solana less the Trust’s expenses and liabilities. Currently, 304,427 shares are actively trading on the OTC markets following the subscription on April 14, 2023.

Investors that want access to the U.S securities market can buy and sell GSOL shares through their own investment accounts as they would any other security. GSOL is one of many products that Grayscale provides access to and which offers exposure to various digital assets, such as Bitcoin, Ethereum, and Litecoin. Its portfolio also includes the Grayscale DeFi Fund, Digital Large Cap, and Smart Contract Platform Ex-Ethereum Fund.

Grayscale's products, like other exchange-traded securities such as derivatives, require institutional and accredited individual investors to purchase them through periodic, private offerings. These offerings are subject to the Securities act of 1933 rule 144, which mandates a 1-year holding period before the securities can be sold publicly.

Individuals looking to invest in cryptocurrencies should approach the asset class with caution and do their due diligence. Research should include factors such as understanding the fundamentals of the asset through to the risks regarding their investments and the potential investments have from a tax perspective. Investors should also consider consulting with an experienced financial advisor to best protect their interests in the asset class.



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