$SOL - SOLANA FLYING HIGH....🚀🚀

with Grayscale SOL Shares Soar….

Solana’s price is flying high again on crypto exchanges. However, regulated investors value #SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL).

The average $SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in the seven-day window.

Furthermore, Solana is soaring over 180% on the 30-day scale after a stunning “Uptober” rally in crypto prices across the board.

Grayscale Solana Fund

But on Grayscale’s SOL fund, the DeFi blockchain’s tokens are doing even better. According to AAII, the fund provides a “cost-effective and convenient way to invest in #SOL tokens (“SOL”) while avoiding the complication of directly holding SOL.”

So, while retail traders, third-world denizens, and total “degens” are buying 1 SOL for $62 on crypto exchanges like Binance and KuCoin, smart money is buying 0.38 SOL for $125.

This reveals that institutional investors are happy to pay the Grayscale premium to get Solana from a regulated, custodial Solana ETF fund…

 GSOL is trading at $202 per share, with the same 0.38 #SOL per share. That’s a going price of $531 for 1 $SOL token in Grayscale’s Solana ETF in OTC markets on Saturday…

DYOR/NFA...