Main navigation

Solana (SOL) Trust by Grayscale Now Open to OTC Markets Traders: Report

Mon, 04/17/2023 - 16:05
article image
Yuri Molchan
Grayscale continues to expose its crypto trusts to wider audience on market
Solana (SOL) Trust by Grayscale Now Open to OTC Markets Traders: Report
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

A recently published press release states that Grayscale's Solana (SOL) trust is now available for trading on the OTC Markets platform, exposing it to a wider circle of traders.

SOL Trust available on OTC Markets

Earlier today, the company spread the word that its 60th crypto trust is now available for trading on the OTC Markets platform. It is trading under the GSOL ticker.

SOL is the native cryptocurrency of Solana, whose whitepaper first emerged in 2017. Solana Network is often called an "Ethereum killer," as its goal is to let developers create smart contracts that can work on the Solana Network powered by SOL tokens. Similarly to Ethereum, Solana intends to expand the utility of blockchain far beyond payments.

Dogecoin (DOGE) Price Jumps as Community Anticipates Starship Launch

Cryptocurrency trusts provided by Grayscale are basically shares backed by actual cryptocurrencies stored by the company. But this way, investors get exposure to digital assets without facing the difficulties of buying and storing them in a direct manner.

There are over 304 GSOL shares, according to the press release. All crypto trusts of Grayscale are regulated by the Securities Act of 1933 and, therefore, trade as securities. U.S.-based investors can buy them directly, along with other securities.

Aside from GSOL, investors can buy 16 crypto trust shares on OTC Markets: Bitcoin (GBTC), Ethereum (GTHE), Stellar (GXLM) and more.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at