Grayscale’s Solana Trust (GSOL) Explodes to 869% Premium As Institutional Demand Sends Crypto Products Ripping

Grayscale’s Solana Trust (GSOL) Explodes to 869% Premium As Institutional Demand Sends Crypto Products Ripping


Digital asset management giant Grayscale’s institutional crypto products are soaring sky-high as spot markets continue a major bounce back.

Grayscale primarily provides institutional investors with trusts that aim to give exposure to digital assets in a compliant, simpler way than holding them directly.

The price of the trusts doesn’t directly track the price of the assets, creating discounts and premiums depending on demand.

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Amid a return in institutional interest, Grayscale’s products have exploded, causing massive premiums between the price of the trusts and the spot market.

At time of writing, Coinglass data shows Grayscale’s Chainlink Trust (GLINK) is trading at $49, a 250% premium compared to the spot price of LINK.

The firm’s Solana Trust (GSOL) is priced at $202, an 869% premium on the price

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