📢 Grayscale wants to launch an ETF on Solana! 💸
💡 Grayscale Investments has filed an application to launch a spot ETF on Solana. If approved, it will be the first such fund for this blockchain.
📋 How does it work?
• Custodian (asset keeper): Coinbase Custody 🛡️
• Transfer agent and administrator: The Bank of New York Mellon (a serious bank, not just anyone!) 💼
• The fund itself is based on the existing Grayscale Solana Trust (GSOL), which manages assets worth $134.2 million. However, currently, GSOL is a closed fund, unavailable to regular investors.
📈 What about Solana?
• In November, the price of SOL rose by more than 45%! 🚀
• Everyone is waiting for the ETF launch to potentially push the price even higher.
💬 What do experts think?
• Analyst Inmortal believes that both Ethereum (ETH) and Solana are preparing for new heights. 🌟
