Crypto investment giant Greyscale launches new trust focused on investing in "ethereum killer" Solana
On Tuesday, Grayscale, the world's largest crypto asset manager, announced the launch of a new fund, Grayscale Solana Trust, which will focus on investing in the "ethereum killer" Solana. It is reported that Grayscale Solana Trust has a minimum investment amount of $25,000 and an annual management fee of 2.5%.
Founded in 2017, Solana aims to be a high-performance, low-cost public chain for large-scale applications and is seen as a competitor to the smart contract platform Ether. Ether has been plagued by high fees and slow transactions.