Solana News: Grayscale Investments, the world’s largest digital currency asset manager, announced Monday that its Solana Trust has begun trading over-the-counter (OTC). It is labeled under the symbol of GSOL. However, Grayscale Solana Trust has trailed by 75.97% over the past 12 months.
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Grayscale Solana Confidence Down 88%
According to the announcement, Grayscale Solana Trust is one of 16 digital currency investment products. It is reported that GSOL has 304,427 shares outstanding until April 14, 2023. Solana’s share price is around $0.386.
It is important to note that approximately $2.9 million in assets are under the Solana Trust name. However, it is down 88.38% since its inception.
On the market side, the price of Solana (SOL) is up 151% on a year to date (YTD) basis. Sol is trading at an average price of $25.12 at the time of writing. 24-hour trading volume is up 166% to $878 million. While it has a market cap of around $10 billion.
Grayscale is one of the largest trusts, Grayscale® Bitcoin Trust is trailing by more than 25% in the last 12 months. However, it is up 19,578% since its inception.
Bitcoin’s price is up 76% year-to-date (YTD). BTC recently regained the crucial $30k price level. However, it is trading at an average price of $29,422 at the time of writing.
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