Crypto investment giant Greyscale launches new trust focused on investing in "ethereum killer" Solana

Solana's native token, also known as solana, is now the fourth largest cryptocurrency in the world by market capitalization at more than $64 billion, and the price of the currency has risen more than 100 times so far this year.

Grayscale CEO Michael Sonnenshein said, "Solana is faster and cheaper, so it's a great way to go for investments looking to buy NFT, DeFi."

Solana was up 4.87 percent at $213 as of writing.