Posted 4/1/2024, 12:10:00 PM
Institutions Clamor for Solana Exposure, Paying Massive Premiums to Gain Access
- Grayscale Solana Trust (GSOL) trading at 5.8x premium over Solana's spot price, signaling overwhelming institutional demand
- GSOL premium reflects growing institutional interest in crypto as legitimate investments
- Institutions willing to pay more than market price for exposure to Solana due to bullish outlook
- Solana price up 45% in past month, trading volume spiked 46%, showcasing strong momentum
- Solana's high throughput, fast transactions, and technological advancements attracting developers and investors