Grayscale Now Offers Five New Crypto Trusts, Including LINK and FIL

Yuri Molchan

The largest crypto fund Grayscale now offers its customers to use new trusts with five different cryptocurrencies

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Wed, 17/03/2021 - 13:36

Grayscale Now Offers Five New Crypto Trusts, Including LINK and FIL

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Grayscale CEO Michael Sonnenshein and crypto magnate Barry Silbert have shared a Bloomberg article about Grayscale offering investors five new crypto trusts.

Wed, 03/17/2021 - 13:12

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Grayscale launches five new crypto trusts

Grayscale Investments has announced that it has launched five new cryptocurrency trusts based on Chainlink (LINK), Filecoin (FIL), Livepeer (LPT), Basic Attention Token (BAT) and Decentraland (MANA) coins.

There will be specific trusts for each coin. These are the first new trusts launched by the company since 2019.

To select these coins as investment assets, Grayscale has studied investor demand and how reliable and promising the underlying blockchains are.

Now, Grayscale offers a total of 13 crypto trusts to its customers with Bitcoin Trust (holding $34 billion in crypto) being the largest and most popular.

As of March 16, Grayscale holds an aggregate of $42.9 billion crypto AUM.

Among the current crypto trusts offered by Grayscale are those based on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, etc.

#Chainlink (LINK) News #Bitcoin

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.