The whale of the crypto world, Grayscale Investments is set to launch five new crypto trusts, has thrilled the entire crypto space. Michael Sonnenshein, the CEO of Grayscale, and Crypto Magnate Barry Silbert have both shared an article from Bloomberg about the launch of five new crypto trusts, an offering made by Grayscale to the investors.
The Five New Crypto Trusts
The announcement from Grayscale Investments is about launching five new cryptocurrency trusts based on Chainlink (LINK), Filecoin (FIL), Livepeer (LPT), Basic Attention Token (BAT), and Decentraland (MANA) coins.
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.”
“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.”
Since 2019, these are the first new trusts launched by the company. There will be specific trusts for each coin. To choose these coins as investment assets, Grayscale has studied investor demands, reliability, and how promising the underlying blockchains are.
Grayscale investment is offering overall 13 crypto trusts to its customers with Bitcoin Trust which is holding $34 billion in crypto being the largest and the most popular one. As of March 16, Grayscale holds an aggregate of $42.9 billion cryptos AUM.
Among the ongoing crypto trusts offered by the tech giant are those based on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, etc.
About Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale is a trusted authority on digital currency investing. The team believes that investors deserve an established, trusted, and accountable partner that can help them navigate the gray areas of digital currency investing.
The company is working towards transparent and familiar investment products that facilitate access to this burgeoning asset class. They are into providing the springboard to invest in the new digital currency-powered by the “internet of money.”