Log in

News

Grayscale launches 16th product: Solana Trust

Updated: Jul 25, 2024
Published: Nov 30, 2021
0
Share:

Grayscale, one of the biggest investment giants in the world, primarily known for its Bitcoin trust, is adding another cryptocurrency to its list. The firm has announced the Solana Trust, which will allow investors exposure to the native token of the smart contracts platform. 

Post Feature Image

Grayscale ready to take on rivals

The Grayscale Solana Trust came after the recent release of a Solana trust product by the rival of the investment firm, Osprey Funds. This year, Solana has been on a roll, rising from $1.09 to an all-time high of $260.06 in the past 52 weeks.
"Our family of Grayscale products will continue to expand alongside this exciting asset class, as we remain committed to offering investors opportunities to access the digital economy," said Grayscale CEO Michael Sonnenshein.
The Grayscale Solana Trust is similar to other single-asset products from the firm and will be available for daily subscription for investors.

Solana to replace Ethereum?

The popularity of the smart contracts platform knew no bounds this year, breaking all previous records. The smart contracts platform is popular for its Proof-of-History mechanism followed by speedy transactions and low fees. Grayscale aims to capitalize on the popularity of the platform.

Solana is often rivaled to Ethereum because of its low fees. SOL is currently the 5th biggest cryptocurrency in the world, with a 2.7 billion USD trading volume and $65.1 billion market cap. 

In a recent statement, the CEO of a major cryptocurrency exchange, FTX, Sam Bankman-Fried, said that Solana and Avalanche are the next Bitcoin (BTC). Solana can process around 50,000 transactions in a second, and Bankman-Fried sees huge potential in the platform. Investors will have the opportunity to take part in SOL's growth via the Grayscale trust. 

Solana is one of the most eco-friendly blockchain-based platforms in the crypto space. Recently, Solana revealed in the energy report that it utilizes energy levels lower than two Google searches. 

Continue reading by joining Cryptonary Pro

Save 50%

$997 $497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
Yield Watch: Safest Passive Income Ranges For 2026
PRO
Yield farming
Yield Watch: Safest Passive Income ...As Christmas approaches and the year comes to a close, markets are entering a quieter, less volatile...
4 min read
Dec 24, 2025
BTC, ETH and More: Markets Remain Range Bound
PRO
Market Direction
BTC, ETH and More: Markets Remain R...Momentum is slowing as markets push into year-end, with repeated rejections keeping price locked in ...
10 min read
Dec 23, 2025
Market Update: How Low Can BTC Go?
PRO
Market Updates
Market Update: How Low Can BTC Go?While US jobs and inflation are clearly cooling, bond markets and central banks are sending a more c...
9 min read
Dec 19, 2025