Grayscale Investment, the world’s largest digital asset manager, allows crypto investors to no longer actually hold assets. to Solana (LEFT) announced the launch of a single-asset investment product in which they will have the opportunity to invest, and that support for the two ethereum competitors may be imminent.
In a recent press release, the Grayscale Solana Trust has joined the world’s largest digital currency asset manager among 13 other single-asset crypto investment products that will be made available to individual and institutional investors, making two
“Trust invests exclusively and passively in SOL, the native icon of the Solana network, a smart contract platform designed in the 2017 whitepaper. Like the Ethereum network, the Solana network is one of a series of projects that aim to expand the use of blockchain beyond just a peer-to-peer currency system.”
Apart from Solana, the crypto management firm now also launches smart contract platforms. Terra (Luna) and Avalanche (AVAX) He explained that he was evaluating whether to add support for it.
In terms of price and adoption, this year has been the launch year for both assets. LUNA From $0.66 at the beginning of 2021 to $58.78 now, AVAX On the other hand, it rose from $3.37 on January 1 to its current price of $125.32 in the same time frame.
Grayscale CEO Michael Sonnenshein said in a statement; portfolios of investors Bitcoin (BTC) and Ethereum (ETH) says they want to diversify beyond their mainstays.
“Over the past eight years, Grayscale has been at the forefront of providing investors with effective and efficient exposure to the ever-changing digital currency ecosystem.”
We have been at the forefront of the mainstream adoption and adoption of crypto, and we are seeing an increase in investors diversifying their holdings beyond digital assets like Bitcoin and Ethereum.”
According to Grayscale’s press release, Grayscale Solana Trust is the company’s sixteenth crypto investment product. Other single-asset investment products of the platform include; Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Decentraland (MANA) and Filecoin (FIL) There is also.
Grayscale is also launching the Digital Large Cap Fund, an investment product that exposes investors to the top 70% of digital assets by market cap. Alongside this, Grayscale recorded nearly $60 billion in assets under management earlier this month.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.