cryptocoin.com As we have reported, important news continues to come from the crypto money markets. According to a recently announced news, investment giant and digital currency asset manager Grayscale’s Solana (SOL) trust will now be traded in OTC markets and reach a wider investor base! Here are the details…
Investment giant Grayscale offers OTC Service for popular altcoin Solana (SOL)!
Earlier today, investment giant company Grayscale stated that Solana Trust is now ready to be traded in OTC markets, expanding its services. Digital asset manager Grayscale has chosen popular altcoin Solana (SOL) as its 16th publicly traded investment vehicle. The statement from the company reveals that Solana Trust is listed as GSOL in OTC markets. The transferred data was shared on Twitter by crypto money reporter Wu Blockchain as follows.
Cryptocurrency trusts provided by Grayscale are basically shares backed by real cryptocurrencies stored by the company. Only in this way are investors exposed to digital assets without the hassle of purchasing and storing outright. According to the press release, there are over 304 shares of GSOL. All of Grayscale’s crypto trusts are regulated by the Securities Act of 1933 and are therefore traded as securities. US-based investors can purchase them directly, along with other securities.
With this move made by the investment giant, many investors will now have access to Solana. While this situation caused great repercussions in Solana communities, GSOL caught the attention of many investors as the markets were on the rise. Besides GSOL, investors can buy 16 crypto trust shares on OTC Markets: Bitcoin (GBTC), Ethereum (GTHE), Stellar (GXLM) and many more.
Left (LEFT) price action
SOL is the native cryptocurrency of Solana, whose whitepaper first appeared in 2017. Solana Network is often called the “Ethereum killer” because its purpose is to allow developers to create smart contracts that can run on Solana Network powered by SOL coins. Similar to Ethereum, Solana aims to expand the use of its blockchain far beyond payments.
Popular altcoin Solana (SOL) was one of the big projects that entered 2023 after the collapse it experienced last year, and the project has largely managed to recover. Solana (SOL) is currently trading at $24.66. In the last week, the popular altcoin project has increased by 21 percent, making many investors happy. Especially in the last 90 days, the instant price of the project, which has fallen to the level of $ 16, pleases many investors.
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