![]() ![]() Therefore, the amount of SOL represented by each respective Share gradually decreases over time. The Trust will not generate any income, and regularly distributes SOL to pay for its ongoing expenses. The Trust is designed to track the CoinDesk SLX Index. New York time, less the Trust’s expenses and other liabilities. The investment objective of the Trust is for the value of the Shares (based on Solana per Share) to reflect the value of Solana held by the Trust, determined by reference to the CoinDesk Solana Price Index (SLX) at 4:00 p.m. securities will be able to buy and sell freely-tradable GSOL Shares through their investment accounts, in the same manner as other securities. Shares created through the Trust’s private placement become eligible to sell into the public market after a statutory one-year holding period pursuant to Rule 144 of the Securities Act of 1933.*Īll investors with access to U.S. As of April 14, 2023, there were 304,427 Shares outstanding of GSOL. The Trust has offered a private placement to accredited investors since November 2021. SECONDARY MARKET FOR THE PRIVATE PLACEMENT The Trust is an investment vehicle that aims to allow investors to gain exposure to the price movement of Solana, so investors can avoid the challenges of buying, storing, and safekeeping the asset directly. The Solana protocol introduced the Proof-of-History timestamping mechanism, which is intended to provide a transaction processing speed and capacity advantage over other blockchain networks. 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. The Solana Network was designed to allow users to write and implement smart contracts which are executed on the Solana blockchain in exchange for payment of SOL. Solana (SOL) is the native token of the Solana Network, a smart contract platform first conceived in a 2017 whitepaper. Grayscale now offers 16 digital currency investment products quoted on OTC Markets. STAMFORD, Conn., Ap(GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Grayscale® Solana Trust (the “Trust”) has begun trading on OTC Markets under the symbol: GSOL. ![]()
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