The price of Solana (SOL) has been experiencing a significant increase, with its value soaring on crypto exchanges. However, the Grayscale Solana Trust (GSOL) has seen even greater demand, with institutional investors willing to pay a premium for exposure to SOL tokens. Ok so… – Greyscale SOL fund is trading at $125 a share– Each share holds 0.38 SOL– Implies $SOL is at $328 per token– 600% premium to NAV (using $55) What the fuck? Solana is literally going to the moon holy shit lol pic.twitter.com/8E9A1UQiDj — jay (@0xjaypeg) November 10, 2023 The Grayscale SOL fund is trading at $125 per share, and each share holds 0.38 SOL, implying a price of $328 per token, which is a 600% premium to the net asset value (NAV) calculated using $55. This indicates a strong interest from traditional finance (trad-fi) investors in acquiring SOL. Retail traders are buying 1 SOL for around $62, while institutional investors are paying $125 for 0.38 SOL. This discrepancy highlights the demand for SOL from regulated, custodial Solana ETF funds. The Grayscale SOL fund currently has 304,427 shares outstanding, representing a total assets under management of $6,344,128. The increasing interest in Solana’s price and institutional participation in the market are noteworthy factors for investors to consider. Source: CryptoPotato