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.
Amid a return in institutional interest, Grayscale’s products have exploded, causing massive premiums between the price of the trusts and the spot market.
The firm’s Solana Trust (GSOL) is priced at $202, an 869% premium on the price