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Galaxy Digital on Wednesday said it will launch a crypto fund for Solana, the high-speed blockchain whose native token SOL has soared in value this year.<\/p>\n
The crypto conglomerate said Galaxy Solana Funds will target \u201cinstitutional investors.\u201d Its release trails two weeks behind Grayscale\u2019s announcement<\/a> that it plans to do the same. Grayscale is a sister company of CoinDesk through parent DCG.<\/p>\n
Galaxy and Bloomberg set the stage for this fund\u2019s launch with their creation of a Solana index<\/a> one month ago. Indeed, the new fund seeks to track the performance of that index, the companies said.<\/p>\n
Read more: <\/b><\/i>Solana Hits Bloomberg Terminal With Galaxy-Backed Index<\/b><\/i><\/a><\/p>\n
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