greyscale has announced the public trading of its Solana Trust under the ticker symbol GSOL GSOLmaking it the latest addition to the 15 other cryptocurrency investment products the company offers in OTC markets.

With 304,427 shares outstanding as of Friday, investors with access to U.S. securities can “buy and sell freely traded GSOL shares through their investment accounts,” called greyscale.

The goal of GSOL is to link Solana SOL/USD to allow investors to gain access to the digital assets without directly owning them.

This strategy is similar to Grayscale’s Bitcoin BTC/USD And ether ETH/USD trusted, Conditions And ETH where accredited investors using bitcoin and ether give Grayscale crypto in exchange for shares in the trusts, while retail investors can purchase shares through public markets.

GSOL has been open to private placements since November 2021 and disclosures on the website show that the Solana Trust has $2.9 million in SOL.

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Meanwhile, GBTC manages $19 billion BTC and ETHE manages $6.3 billion ETH.

However, GBTC and ETHE trade far below the digital assets themselves, which has angered some investors.

GBTC is trading at a 37% discount to Bitcoin, which is held on Grayscale’s trust after its long-term premium turned negative in February 2021.

ETHE is trading at a discount of minus 46%.

GSOL’s launch comes as Grayscale is still in a legal battle with the SEC over the rejection of its bitcoin spot ETFs. That doesn’t guarantee a grayscale victory over the SEC Approval of such investment products, after to blockwork.

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