Solana

<ul><li>GSOL&#39;s market price soared to $540, significantly outpacing its NAV, reflecting heightened investor interest.</li><li>Speculation surrounds institutional investment, particularly with Pantera Capital&#39;s involvement in staked Solana assets.</li><li>Grayscale and Coinbase discussed converting Grayscale&#39;s Ethereum Trust into a spot ETF with the SEC amid growing interest in Solana and proposals for new ETFs.</li></ul>Grayscale Solana Trust (GSOL) recently reported an extraordinary increase in its market price to $540, significantly exceeding its Net Asset Value (NAV) per share of <a href="https://www.grayscale.com/crypto-products/grayscale-solana-trust#section3883" rel="noopener noreferrer nofollow">$55.48</a>. With only a 0.05% daily increment in NAV, the discrepancy between the market valuation and the NAV stands out. This suggests heightened investor interest, as reflected by its nearly <a href="https://www.grayscale.com/crypto-products/grayscale-solana-trust" rel="noopener noreferrer nofollow">$49.5 million</a> in Assets Under Management (AUM).Data from Grayscale revealed that on March 8, GSOL hit a record market price of <a href="https://finance.yahoo.com/quote/GSOL/" rel="noopener noreferrer nofollow">$540</a>, leading to a premium rate of 873%. However, by March 11, this price receded to $317, though the premium rate remained high at 472%.The trust&#39;s substantial market price increase is not an isolated event. CoinShares <a href="https://blog.coinshares.com/volume-173-digital-asset-fund-flows-weekly-report-d3b5fd18d417" rel="noopener noreferrer nofollow">reported</a> that Solana investment products saw net inflows of $24 million last week, indicating strong institutional demand for Solana.<a href="https://cryptotale.org/grayscale-solana-trust-sees-record-market-price-amid-speculation/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Grayscale Solana Trust Sees Record Market Price Amid Speculation

CryptoTale

Other articles published on Mar 12, 2024

BNB rises 50% in 7 days, smashes $500 on the first try

Bitcoin traders move $520m as BTC enters price discovery phase

Prominent Analyst Says Every Long-Term Crypto Investor Needs These 3 Tokens In Their Portfolio

Gala Price Prediction: GALA Plunges 9% As Traders Look To This 2.0 Meme Coin In Search Of 1000X G...

CryptoTax joins hands with Infinite Block to provide crypto custodial and accounting services

THORChain Hits 23-Month High! What’s Next For RUNE Price This Month?

Join our free newsletter for daily crypto updates!