Grayscale Investments has announced the launch of five investment products. The total number of cryptocurrency trusts managed by the company has reached fourteen.
Have you heard? We just launched five new digital currency investment trusts: https://t.co/wUTVJ9s4Xs
– Grayscale® Basic Attention Token Trust
– Grayscale® Chainlink Trust
– Grayscale® Decentraland Trust
– Grayscale® Filecoin Trust
– Grayscale® Livepeer Trust
– Grayscale (@Grayscale) March 17, 2021
New products make it possible to invest in Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer without having to buy digital assets directly.
The shares of the trusts are already available for purchase by individual and institutional accredited investors, according to the statement.
The total asset value (AUM) under Grayscale’s management is $ 42.9 billion, of which almost $ 36.1 billion is for a Bitcoin trust.
03/16/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
– Grayscale (@Grayscale) March 16, 2021
“Digital currencies have reached a tipping point. Investor demand has never been this high, and every day we see new entrants into what has undoubtedly become a true asset class, ”said CEO Michael Sonnenschein.
The company filed an application for registration of funds based on Basic Attention, Chainlink, Decentraland and Livepeer in December 2020 . For an investment product based on Filecoin (FIL), the firm made a similar request in October.
In January 2021, the firm applied to register trusts based on Aave, Polkadot, Cosmos, Monero, EOS, and Cardano, and a month later added a fund to its potential products to invest in the DeFi token of the yEarn.Finance project.
Earlier, Grayscale liquidated a trust based on Ripple’s XRP token . The decision was influenced by the lawsuit of the US Securities and Exchange Commission against the Californian fintech company.