Good news continues to come from Solana, one of the leading cryptocurrencies that left its mark on 2021.
In a recent report, Forbes shared information that was shared only with them. Accordingly, Grayscale, which is the gateway for institutional investors to cryptocurrencies, is preparing to launch the Solana Trust fund.
Among the reasons why Grayscale established the Solana fund, it was stated that SOL’s outstanding performance in 2021 and its support by Sam Bankman Fried, the founder of the FTX exchange, were effective.
The news also included Grayscale CEO Michael Sonnenshein’s statements regarding Solana.
Accordingly, “The desire to invest in Solana remains in the minds of many investors,” said the CEO, and continued:
“In a sense, [Ethereum’dan] a more cost-effective blockchain, and today we see more than 500 decentralized applications on the network and about 1.2 million monthly active users. It’s definitely pretty impressive when you kind of take a step back and see how quickly it accelerates.”
Sonnenshein also stated that the near and long-term potential of the Solana network was effective among the reasons for establishing the Solana fund.
While more institutional investments are expected to come to Solana through the fund to be created by Grayscale, a post confirming the news came from Grayscale’s founder Barry Silbert.
$LEFT + @Grayscale https://t.co/XT3vKhdPWs
— Barry Silbert (@BarrySilbert) November 30, 2021
As of our news hour, SOL continues to trade at $215.3.
*Not Investment Advice.