Galaxy Digital has announced the launch of the Galaxy Solana Fund, which would be passively managed to track the performance of the Bloomberg Galaxy Solana Index.
The index is jointly branded by Bloomberg Index Services and Galaxy Fund Management. It is accessible to Bloomberg clients under ticker SOL INDEX <GO>.
Galaxy Solana Fund gives institutional investors access to Solana returns via simple, secure asset classes free from the complexities of investing directly in digital assets.
Galaxy Fund Management’s AUM jumped 54% to $3.4 billion in the last month and 323% rise year to date.
Solana is the fastest scalable blockchain handling up to 50,000 TPS and supports more than 400 Decentralized Finance projects.
The cryptocurrency currently ranks as the fifth-largest digital asset with a market capitalization of $48 billion and $11 billion in the Total Value Locked.
Source: Galaxy Digital