Galaxy Digital Holdings Ltd. announced the launch of the Galaxy Solana Funds, passively managed funds that seek to track the performance of the newly-launched Bloomberg Galaxy Solana Index. As the world's fastest programmable blockchain, Solana can handle up to 50,000 transactions per second and hosts over 400 DeFi, NFT and other Web 3.0 projects. At the time of writing Solana ranks the fifth largest digital asset by market capitalization at $48 billion, and its total value locked (TVL) stands at $11 billion, up from $150 million in March 2021. The Galaxy Solana Funds are designed to provide institutional investors access to returns based on the performance of Solana through simple, secure vehicles that spare investors the complexities of investing in digital assets directly. The Bloomberg Galaxy Solana Index seeks to measure the performance of Solana. The digital asset benchmark is owned and administered by Bloomberg Index Services Limited and is co-branded with Galaxy Fund Management. The index can be accessed by bloomberg clients on the Terminal via ticker SOL INDEX .