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Grayscale launches Solana trust $GSOL

By: gumshoe
April 17, 2023 10:16 AM EDT
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Grayscale has launched a Solana trust under the symbol $GSOL.

Since November 2021, the Trust has offered a private placement to accredited investors. As of April 14, 2023, 304,427 outstanding GSOL Shares exist. After a mandatory one-year holding period under Rule 144 of the Securities Act of 1933, Shares created through private placement become eligible for public market sale.

Investors with access to U.S. securities can freely trade GSOL Shares through their investment accounts, just like other securities.

Why does $GSOL matter?

Grayscale's introduction of $GSOL brings multiple advantages to the Solana ecosystem. The network gains enhanced visibility, credibility, and appeal to a wider range of investors, including institutional ones. Moreover, it is reasonable to expect that market liquidity will improve, potentially resulting in better performance and decreased volatility.

Grayscale Trust Portfolio

Grayscale offers its investment products to institutional and individual accredited investors through periodic and ongoing private placements. Besides GSOL, Grayscale also sponsors single-asset investment products for Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Horizen (ZEN), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), and Zcash (ZEC).

gumshoe

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