Grayscale Solana Staking ETF · AMEX:GSOL
Grayscale Solana Staking ETF — Grayscale Investments — Investor Presentation (April 2021)
34 slides from Grayscale Solana Staking ETF's investor presentation, April 2021
Slide 1: Grayscale April 2021
KH GRAYSCALE APRIL 2021
Slide 2: Who We Are
2 Who Established in 2013 by Digital Currency Group, Grayscale Investments, LLC We Are (“Grayscale”) is a leader in digital currency investing. Grayscale provides secure access to the digital currency asset class through its single-asset and diversified investment products, including Grayscale Bitco
Slide 3: Our History
3 Our For seven years, Grayscale has brought to market innovative digital currency investment vehicles. History Grayscale Bitcoin Cash Trust Grayscale Bitcoin Trust Grayscale Bitcoin Cash Grayscale Basic Attention Launches becomes a Trust begins Token Trust SEC Reporting quotation Launches Grayscale
Slide 4: Asset Growth
4 Asset Grayscale Investments AUM ($ mln) TOTAL AUM $45.6B Growth $50,000 $45,000 $40,000 “Likely one of the $35,000 fastest-growing $30,000 asset managers in history.” $25,000 Forbes Magazine $20,000 $15,000 ©2021 Grayscale Investments, LLC $10,000 $5,000 $0 Jan-20 Sep-20 Nov-16 Nov-19 Mar-15 Nov-1
Slide 5: Investment Platform
5 Investment Grayscale has world-class capabilities designed for our clients’ needs. Our comprehensive range of investment products Platform represent over 70% of the digital asset market capitalization. Grayscale’s investment platform of single-asset and diversified products seeks to enable the cre
Slide 6: A Toolkit For Investors
6 A Toolkit NET PERFORMANCE AS OF 03/31/20211 Digital Asset SINGLE-ASSET PRODUCTS Trailing Since For Investors Inception Annual Minimum OTCQX® Holdings (Each a “Trust” and collectively, the “Trusts”) Date Fees Investment Symbol3 12 Months Inception (millions)2 Grayscale Bitcoin Trust* 09/25/2013 2.0
Slide 7: Advantages of Grayscale's Investment Products
7 Advantages of Grayscale’s Investment Grayscale’s Investment Digital Assets Products Products Built-in Security and Storage No Titled Securities No ©2021 Grayscale Investments, LLC IRA-Eligible No Established Sponsor & Manager No Audited Financials No
Slide 8: Awards & Coverage
8 Awards Grayscale Bitcoin Trust Grayscale regularly & Coverage (Symbol: GBTC) was named receives news coverage to OTCQX* Best 50, three by mainstream media. years in a row. 2019 OTCQX Best 50 2018 OTCQX Best 50 2017 OTCQX Best 50 ©2021 Grayscale Investments, LLC *OTC Markets Group is an American fi
Slide 9: The Case For Investing in Digital Assets
The Case For Investing in Digital Assets
Slide 10: The Investment Landscape is Changing
10 The Investment Digital assets are at the center of several trends reshaping the investment landscape. Landscape is Changing An evolving market paradigm Rapid advancements in technology are Regulatory change is reshaping Demographic shifts are underway, characterized by changing how money industry
Slide 11: A New Asset Class
11 A New Digital assets have a distinct set of properties unlike any other asset class: Asset Class DIGITAL CURRENCIES OTHER DIGITAL ASSETS • Store-of-value characteristics similar • Decentralized applications (DApps) to physical assets, like precious metals • File storage • Global transaction netwo
Slide 12: It's Still Early
12 It’s Still Digital assets are still only a tiny fraction of the size of other markets. Early The World’s Money & Markets $300,000 $255,000 $250,000 Market Value (USD Billions) $200,000 $150,000 $108,607 $100,000 $95,703 ©2021 Grayscale Investments, LLC $50,000 $9,400 $12,045 $10,000 $13,370.12 $6
Slide 13: The Power of Diversification
13 The Power of Diversification “Diversification is the one free lunch of investing, and when you see a free lunch, the only rational thing to do is eat.” Cliff Asness, Managing Principal and CIO at AQR Capital Management In the relatively short time they have existed, the correlation of major asset
Slide 14: Diversification Through Low Correlation
14 Through Low MULTI-ASSET CORRELATION MATRIX September 25, 2013 through March 31, 2021 Correlation Maximum: 0.29 Minimum: -0.17 Average: 0.08 ©2021 Grayscale Investments, LLC Maximum: 1.00 Minimum: 0.24 Average: 0.61 Source: Bloomberg, CoinMarketCap.com. Based on one-month rolling daily returns fro
Slide 15: Building Better Portfolios with Digital Assets
15 Building Better HYPOTHETICAL SIMULATED PORTFOLIO PERFORMANCE September 24, 2013 through March 31, 2021 Portfolios with Global 60/40 Global 60/40 Global 60/40 PORTFOLIO Global 60/40 +1% Digital Assets +3% Digital Assets +5% Digital Assets Total Return (Cumulative) 75.9% 88.6% 116.6% 148.3% Digital
Slide 16: Risk and Return Attribution
16 Risk and HYPOTHETICAL SIMULATED PORTFOLIO RISK & RETURN ATTRIBUTION September 25, 2013 through March 31, 2021 Return Global 60/40 Digital Assets Global 60/40 +1% Digital Assets Global 60/40 +3% Digital Assets Global 60/40 +5% Digital Assets Attribution 1% 3% 5% Capital-at-Risk 99% 97% 95% 14% 35%
Slide 17: The Grayscale Family of Investment Products
The Grayscale® Family of Investment Products
Slide 18: Grayscale Bitcoin Trust
18 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the BTC held by the Trust, less expenses and other liabilities1 CoinDesk Bitcoin Price Index (XBX)2 Bitcoin Investor Qualifications Accredited Investors3 Minimum Investment Requirement $50,000 Trust* A fee, payable in BT
Slide 19: Grayscale Basic Attention Token Trust
19 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the BAT held by the Trust, less expenses and other liabilities1 CoinDesk Basic Attention Token Price Index (BTX)2 Basic Attention Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Token
Slide 20: Grayscale Bitcoin Cash Trust
20 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the BCH held by the Trust, less expenses and other liabilities1 CoinDesk Bitcoin Cash Price Index (BCX)2 Bitcoin Cash Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, paya
Slide 21: Grayscale Chainlink Trust
21 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the LINK held by the Trust, less expenses and other liabilities1 CoinDesk Chainlink Price Index (LNX)2 Chainlink Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payable i
Slide 22: Grayscale Decentraland Trust
22 Grayscale ® Investment Objective Benchmark Reference Rate Shares reflect the value of the MANA held by the Trust, less expenses and other liabilities1 CoinDesk Decentraland Reference rate Decentraland Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee
Slide 23: Grayscale Ethereum Trust
23 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the ETH held by the Trust, less expenses and other liabilities1 CoinDesk Ether Price Index (ETX)2 Ethereum Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust* A fee, payable in ETH
Slide 24: Grayscale Ethereum Classic Trust
24 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the ETC held by the Trust, less expenses and other liabilities1 CoinDesk Ether Classic Price Index (ECX)2 Ethereum Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Classic A fee, payab
Slide 25: Grayscale Filecoin Trust
25 Grayscale ® Investment Objective Benchmark Reference Rate Shares reflect the value of the FIL held by the Trust, less expenses and other liabilities1 CoinDesk Filecoin Reference rate2 Filecoin Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payabl
Slide 26: Grayscale Horizen Trust
26 Grayscale ® Investment Objective Benchmark Reference Rate Shares reflect the value of the ZEN held by the Trust, less expenses and other liabilities1 CoinDesk Horizen Reference rate2 Horizen Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payable
Slide 27: Grayscale Litecoin Trust
27 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the LTC held by the Trust, less expenses and other liabilities1 CoinDesk Litecoin Price Index (LTX)2 Litecoin Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payable in L
Slide 28: Grayscale Livepeer Trust
28 Grayscale ® Investment Objective Benchmark Reference Rate Shares reflect the value of the LPT held by the Trust, less expenses and other liabilities1 CoinDesk Livepeer Reference rate2 Livepeer Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payabl
Slide 29: Grayscale Stellar Lumens Trust
29 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the XLM held by the Trust, less expenses and other liabilities1 CoinDesk Lumens Price Index (XLMX)2 Stellar Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Lumens A fee, payable in XL
Slide 30: Grayscale Zcash Trust
30 Grayscale ® Investment Objective Benchmark Index Shares reflect the value of the ZEC held by the Trust, less expenses and other liabilities1 CoinDesk Zcash Price Index (ZCX)2 Zcash Investor Qualifications Accredited Investors3 Minimum Investment Requirement $25,000 Trust A fee, payable in ZEC, wh
Slide 31: Grayscale Digital Large Cap Fund
31 Grayscale ® Investment Objective Fund Weighting Shares are intended to reflect the value of the Fund’s market cap-weighted portfolio of large cap digital assets, less fees and expenses1 Market cap-weighted Digital Large Rebalance Review Frequency Benchmark Composite Quarterly, beginning on the fi
Slide 32: Grayscale Digital Large Cap Fund Composition
32 Grayscale ® Grayscale Digital Large Cap Fund is a private, open-ended investment vehicle* that provides expo- sure to the top liquid digital assets through a market cap-weighted portfolio. Digital Large Through a rules-based portfolio construction process, the Fund targets a minimum of 70% covera
Slide 33: Disclosures & Other
33 Disclosures All content is original and has been researched and produced by Grayscale Invest- (Symbol: LTCN) and Grayscale Digital Large Cap Fund (Symbol: GDLC). Reports on ments, LLC (“Grayscale”) unless otherwise stated herein. No part of this content may OTC Markets are not prepared in accorda
Slide 34: For more information about Grayscale
For more information about Grayscale® www.grayscale.co info@grayscale.co 212.668.1427 @Grayscale
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