Home Bitcoin Grayscale launches 5 new trusts includes LINK, BAT, FIL

Grayscale launches 5 new trusts includes LINK, BAT, FIL


According to a press release, Grayscale Investments has added 5 new products to its trusts offering. Grayscale is expanded to 14 and has a Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer Trust.

Grayscale is one of the major crypto investment firms. Eligible investors can now subscribe to the new trusts. Like the company’s other products, they will operate with “regular private placements”.

In the press release, Grayscale claims that their offering will be among the first investment products based on the specified cryptocurrencies. The company already offers trusts based on Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar Lumens and other digital assets.

ANNOUNCEMENT: 5 new products have been added to the @Grayscale range!

Basic attention token $ BAT
Chainlink $ LINK
Decentralized and $ MANA
Filecoin $ FIL
Livepeer $ LPT

Interested? https://t.co/YfK2YUKgCj pic.twitter.com/jLqDph4MEH

– Michael Sonnenshein (@Sonnenshein) March 17, 2021

Cryptocurrencies reached a turning point

The trusts were added after a “robust process” of researching and evaluating the potential for each cryptocurrency, CEO Michael Sonnenshein told Bloomberg. The executive claims they have a list of over 30 to 40 products that they “want to bring to market”.

The company is working to reconcile investor interest in a cryptocurrency and “compelling opportunities”. Sonnenshein said:

There are many grayscale products out there that were a bit ahead of their time in the past before getting enough response from investors.

According to their latest report, Grayscale has over $ 42.9 billion in assets under management. The Grayscale Bitcoin Trust (GBTC) remains the most important at $ 36 billion. Grayscale CEO added:

Digital currencies have reached a turning point. Investor demand has never been so high and every day we see new entrants in an asset class that has certainly become a real asset class. Grayscale has long led the way in creating novel ways for investors to access the opportunities digital currencies can offer, and this announcement continues that tradition. We look forward to working with our global investor base, growing team, and regulators to further advance this industry.

Grayscale products were from the recipients of investors looking for crypto exposure. Almost all of the recently included cryptocurrencies are performing well after the announcement.

LINK (13%) native token of the Ethereum-based oracle service Chainlink, FIL (35%) Filecoins token for paying files, BAT (31.1%) a token that users can use to track their interest in digitally stored real estate, MANA (11.1%) Decentraland’s token used to purchase virtual land has been in the green zone for the past 24 hours.

However, Livepeer (LTP), a content delivery network, saw the greatest gains. With a gain of more than 183% last day and 414.9% in the last two weeks.