latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana

Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana
The world’s largest digital asset manager just announced the launch of a single-asset investment product exposing its holders to Solana (SOL) – and support for more Ethereum competitors may be imminent.
In a press release , Grayscale announces the new Solana Trust, which will join its other 13 single-asset crypto investment products.

“The Trust is solely and passively invested in Solana (SOL), the native token of the Solana network, a smart contract platform first conceived in a 2017 whitepaper. Like the Ethereum network, the Solana network is one of a number of projects intended to expand blockchain use beyond just a peer-to-peer money system.”
In addition to Solana, the crypto management firm says it’s now taking a close look at whether it will add support for the smart contract platforms Terra (LUNA) and Avalanche (AVAX).
Both assets have had breakout years in terms of price and adoption, with LUNA rising from $0.66 at the start of 2021 to its current price of 58.66.
In the same time frame, AVAX has shot from $3.37 on January 1st to its current price of $120.70.
Grayscale CEO Michael Sonnenshein says that investors are increasingly looking to expand their portfolios beyond the Bitcoin (BTC) and Ethereum (ETH) staples.
“For the last eight years, Grayscale has been at the forefront of offering investors efficient exposure to the ever-evolving digital currency ecosystem,
We have had a front-row seat to the mainstream acceptance and adoption of crypto and increasingly find that investors are diversifying their exposure beyond digital assets like Bitcoin and Ethereum.”
According to the press release, the Grayscale Solana Trust is the sixteenth crypto investment product from Grayscale. Other single-asset investment products include Bitcoin (BTC),  Ethereum (ETH), Litecoin (LTC),  Decentraland  (MANA) and  Filecoin  (FIL).
Grayscale also offers a Digital Large Cap Fund, an investment product exposing investors to the upper 70% of digital assets by market cap.
Earlier this month, Grayscale recorded nearly $60 billion in assets under management.
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Atelier Sommerland
The post Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

SneakPeek Script
Setup, Upload and Go!