Largest Crypto Asset Manager Grayscale Launches Five New Crypto Trusts

Grayscale Investments, the world’s largest digital currency asset manager, has opened up new opportunities for investors on its platform. According to a recent press release, the company has released five new investment trusts adding to the eight it previously offered.

The five latest investment trusts include Grayscale Basic Attention Token Trust, Grayscale Chainlink Trust, Grayscale Decentraland Trust, Grayscale Filecoin Trust, and Grayscale Livepeer Trust. 

Institutions and both individuals accredited investors who are interested in the new investment products can start making both private and periodic statements like the previous investment products on Grayscale as the company announced that the products are already available.

Disclosing the reason behind the new investment products launched, Grayscale CEO Michael Sonnenshein said,

“Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class.”

Before launching the new products, the asset management company offered other single-asset investment products that focus on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC).

As other products on the company’s platform have a digital currency it is focused on, the latest releases all have a pivot digital currency, they include Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).

To top up all of Grayscale’s products to 14, the diversified investment product, Grayscale Digital Large Cap Fund, which opens opportunities to the top digital currencies by market capitalization, is added to the list.

The Large Cap Fund previously offered XRP alongside other currencies like Bitcoin, Ethereum but recently, like other cryptocurrency platforms, Grayscale delisted the token. 

This step was taken due to the court case between the United States Securities and Exchange Commission (SEC) and the San Francisco-based startup, Ripple, for conducting unregistered securities sales involving XRP.

Concerning the future plans the company has in store, Sonnenshein commented,

“Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward.”

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Author: Abigail Michelle

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Author: Abigail Michelle