Just-In: Grayscale Solana Trust Down By 75% Open Trades On OTC Markets

Ashish Kumar
April 17, 2023
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Solana News: Grayscale Investments, the world’s largest digital currency asset manager on Monday announced that its Solana Trust began trading on Over-the-Counter (OTC). It is being labeled under the symbol of GSOL. However, Grayscale Solana Trust is trailing by 75.97% in the last 12 months.

Also Read: SEC Losing Grip On Supreme Court Case; Will This Help Ripple?

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Grayscale Solana Trust Down By 88%

According to the announcement, Grayscale Solana Trust is one of the 16 digital currencies investment products. It is being reported that GSOL has 304,427 shares outstanding till April 14, 2023. Solana’s share price stands around $0.386.

It is important to note that around $2.9 million worth of assets stands under the name of Solana Trust. However, it is down by 88.38% since its inception.

On the market side, Solana (SOL) price is up by 151% on the basis of year to date (YTD) basis. Sol is trading at an average price of $25.12, at press time. Its 24 hour trading volume is up by 166% to stand at $878 million. While it is holding a market cap of around $10 billion.

Grayscale’s one of the biggest trusts, Grayscale® Bitcoin Trust is trailing by over 25% in the last 12 months. However, it is up by 19,578% since its inception.

Bitcoin Price is up by 76% on the year to date (YTD) basis. BTC regained the crucial $30k Price level recently. However, it is trading at an average price of $29,422, at the press time.

Also Read: XRP Holds $0.51; Whales Move 70 million XRP

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.