Grayscale has declared that it will impose no management fees on its Solana Trust until the fund’s assets under management reach $1 billion. This decision is part of Grayscale’s strategy to attract investors and grow the fund’s capital. By waiving the management fee, Grayscale aims to incentivize participation in the Solana Trust while providing an opportunity for investors to benefit from potential future growth. As the fund accumulates assets, the management fee will be implemented once it achieves the specified AUM target. This initiative highlights Grayscale’s commitment to enhancing its offerings in the cryptocurrency space.
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