Summary
- Grayscale said it has started options trading for the Solana (SOL) spot exchange-traded fund(ETF) 'GSOL'.
- It said that with the start of options trading, institutional and individual investors can hedge against Solana price volatility or utilize leveraged investment strategies.
- It said options trading is expected to increase the liquidity of the SOL ETF and strengthen Solana's position in the derivatives market.
Grayscale has started options trading for the Solana (SOL) spot exchange-traded fund (ETF) 'GSOL'.
On the 11th (local time), according to cryptoasset (cryptocurrency) specialist media Crypto Briefing, the start of options trading is significant in that it opened the way for institutional and individual investors to hedge against Solana price volatility or pursue leveraged investment strategies.
Grayscale previously listed the SOL ETF last month, and trading volume surged in a short period thanks to strong investor demand in the market. The addition of options trading is expected to increase the liquidity of the SOL ETF and strengthen Solana's position in the derivatives market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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