Grayscale’s Solana Trust is the company’s latest crypto offering, with $ 9.5 million in assets under management, after launching its Chainlink, BAT and Decentraland token products earlier this year
Grayscale’s Solana Trust latest crypto offering
Tokens such as Chainlink, BAT, and Decentraland were launched earlier this year. Solana Trust is Grayscale’s latest crypto offering, with $9.5 million under management.
SOL crypto-hybrid Solana network’s history and proof-of-stake. Bitcoin, which is currently trading at $ 217 per coin, has gained 6% in the last day, according to Coingecko’s data. A month ago, it was at $ 66 billion, down from $ 77 billion. From January to September, it has nearly doubled in size and grown by over 13,000 since then.
As of its inception, the Trust managed $9.5 million. In an interview with Bloomberg, Grayscale CEO Michael Sonnenshein stated that clients want more exposure to digital content.
A fund for Basic Attention Tokens, Livepeer, Decentraland, Filecoin, and Chainlink was launched this year. In an interview, Sonnenshein stated that Decentraland Rely was warmly accepted by clients.
“We have taken a leading position in the mainstream adoption and use of cryptocurrencies and increasingly see investors diversifying their visibility beyond digital assets. Cryptocurrencies like Bitcoin and Ethereum.”
In 2021, the SOL network and its coin SOL expanded rapidly. In October, it eclipsed Bitcoin and Ethereum, surging 41.9 percent from $1.84 at the start of the year.
High transaction fees on Ethereum have pushed a lot of trade traffic onto the Solana network because of increased interest in Defi and NFT. And so far, according to Solana co-founder Anatoly Yakovenko, there isn’t anything huge on the horizon.
The reason I hate the roadmap as an engineer is because after two weeks it’s really hard to predict.”
