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Why Solana Surged Today

TheMotleyFool

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Solana's (CRYPTO: SOL) price was up 9% as of 6:25 p.m. ET on Wednesday, as a noteworthy product launch offered investors a new way to gain exposure to the popular cryptocurrency

Leading digital-asset manager Grayscale Investments debuted its Grayscale Solana Trust on Tuesday. The trust will make passive investments in SOL, the native token of the Solana network.

Accredited investors will be able to purchase shares in the Grayscale Solana Trust during periodic private placements.

Source Fool.com

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