The new rule, introduced by the Financial Accounting Standards Board (FASB) in December 2024, now allows companies to update the value of their crypto assets each quarter.
Truth.Fi is expected to launch in 2025, pending regulatory approvals and the finalisation of agreements. The company will partner with major financial firms, including Charles Schwab, which will act as a custodian for the investment funds.
Grayscale’s proposed Solana ETF is expected to become the largest investment fund focused on Solana, a popular cryptocurrency known for its high speed and low fees.