Grayscale’s Solana (SOL) trust is now available for trading on the OTC Markets platform, according to a press release.
It is the 60th crypto trust offered by the company and will trade under the ticker GSOL. SOL is the native cryptocurrency of Solana, which aims to expand blockchain’s utility beyond payments by allowing developers to create smart contracts that work on the Solana Network powered by SOL tokens.
Grayscale’s crypto trusts are like shares backed by cryptocurrencies stored by the company, which allows investors to get exposure to digital assets without the hassle of buying and storing them directly.
The GSOL ticker is used for trading the SOL trust, and there are over 304 shares available. U.S.-based investors can buy them directly, along with other crypto trust shares, on OTC Markets.
All of Grayscale’s crypto trusts, including GSOL, are regulated by the Securities Act of 1933 and can be bought directly by U.S.-based investors, along with other securities.
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