NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Grayscale Launches Solana Trust Following Investors ‘Appetite’

Julia Arvelaiz
Julia Arvelaiz
3 years ago
3 mins read
Solana

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Grayscale Investments, the largest cryptocurrency fund in the world, announced a Solana trust, adding the growing cryptocurrency to its list of product offerings. They have shown great interest in Solana’s performance and see a near and long-term potential in it because of its capability for experimentation.

In a public release, Grayscale Investments said they will be “enabling investors to gain exposure to SOL in the form of a security while avoiding the challenges of buying, storing, and safekeeping SOL directly.” This will require a $25,000 minimum investment, charging Grayscale’s standard 2.5% management fee.

Grayscale CEO Michael Sonnenshein commented to Forbes:

In many investors’ minds, there’s a continued appetite to invest in Solana, In some sense, it is a more cost-effective blockchain [than Ethereum], and today we are seeing over 500 decentralized apps and about 1.2 million monthly active users on the network. When you kind of take a step back, and you see how quickly it has been able to ramp up, it’s certainly pretty impressive.

Regarding the investor’s appetite for Solana, FTX founder Sam Bankman-Fried is a strong supporter of the digital asset, giving a constant public endorsement that has become a key point of its current visibility.

Bankman-Fried has shared his view on Solana being better than Ethereum given its lower fees and possibilities of use and recently claimed it has the potential of becoming the next Bitcoin by mass adoption level.

Related Reading | Solana Could Become The Next Bitcoin, According To FTX’s Sam Bankman-Fried

With this addition, Solana becomes the 16th offering in Grayscale’s product line. They also provide exposure to Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), Zcash (ZEC), and Horizen (ZEN).

Solana, the “Ethereum killer”, has had a great year overall, being in the investor’s spotlight, rallying to new all-time highs, showing massive adoption. It has aggressively dominated the terrain of funds held in cryptocurrency wallets.

The cryptocurrency managed to climb to the 4th position of largest cryptocurrencies by market capitalization, with a value of over $70 billion. The inclusion of Grayscale’s portfolio promises more visibility around institutional and individual accredited investors.

Related Reading | Solana Tops Cardano, Ethereum To Become The Most Staked Cryptocurrency

Grayscale Sees Potential In Solana

Despite the issues Solana has faced -such as the network’s 17-hour outage- and being more centralized than its close competitors, many call for its staking token SOL to hit $300 next, after having rallied close to $217,50 recently. Solana also dominates DeFi services and NFT minting, and its native token SOL became one of the best-performing assets of the year.

Solana Lab’s CEO, Anatoly Yakovenko, recently commented to The Block that the chances of the network going down again don’t really matter “in terms of safety to funds in the state”, not worried about the possibility of it happening again as he claims the users have nothing to worry about if they do not care about the time the transactions could take during an outage.

Sonnenshein shared that Grayscale sees near and long-term potential in Solana, not only seeing the growing interest from important investors but its fields of use for blockchain technology.

What’s been interesting about Solana is that it gives users the ability to learn, experiment, and build. They generally have more budget to experiment on the protocol than some other more established blockchains like Ethereum, because of lower transaction fees.

Solana
Solana trading at $212 in the daily chart | Source: SOLUSD on TradingView.com
Tweet123Share196ShareSend
Julia Arvelaiz
Julia Arvelaiz

Julia Arvelaiz

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun

Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their...

Scott Matherson 4 days ago
Bitcoin nove maximum ATH 2025

Bitcoin prekročil hranicu 118 000 $. Bude Bitcoin Hyper katalyzátorom ďalšieho rastu?

Bitcoin prekonal počas dnešného rána hranicu 118 000 dolárov a dosiahol nové historické maximum 118 403,89 $. BTC tak stanovil...

Nina Šefčíková 4 days ago
dogecoin (6)

Dogecoin, Solana και Ethereum οδηγούν την κρυπτοαγορά ενώ το Bitcoin παραμένει σταθερό

Η εβδομάδα ξεκίνησε με ενθουσιασμό για τους λάτρεις των κρυπτονομισμάτων, καθώς τα altcoins όπως το Dogecoin, το Solana και το...

Ανθή Ντόνκοβα 4 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana (SOL) Pulls Back — Can Buyers Defend The $155 Line?

Aayush Jindal 11 hours ago
Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Semilore Faleti 2 days ago

Why The Solana Price Could Crash To $95 Before Reaching $200

Scott Matherson 3 days ago

Premium Sponsors

Press Releases

  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    1 hour ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    1 hour ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    2 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    2 hours ago
  • 仮想通貨おすすめ|1ドル以下の3銘柄が2027年までに200ドルの投資を200万円に変える可能性

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.