Grayscale Investments, the world's largest digital currency asset manager, has officially announced that the Grayscale Solana Trust is now trading on OTC markets under the symbol GSOL.
This trust was launched as an investment vehicle that gave investors exposure to Solana's price movements. Institutional investors will be able to invest in the SOL price without buying SOL directly.
Since November 2021, the trust has offered a special sale transaction to accredited investors. As of April 14, 2023, GSOL had 304,427 shares outstanding. Shares created through the private sale of the trust will be available for sale on the public market after a legal holding period of one year.
Grayscale, Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Horizen (ZEN) It offers a total of 16 products with publicly traded quotes, including single-asset investment products that provide exposure to Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), and Zcash (ZEC).
The company's diversified products include Grayscale DeFi Fund, Grayscale Digital Large Cap Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund.
In addition, according to Grayscale's statement, GSOL is not registered with the Securities and Exchange Commission (SEC) and is not subject to certain disclosure and other requirements mandated by the Securities Exchange Act of 1934, but is subject to the Alternative Reporting Standards of OTC Markets.
*Not investment advice.