Grayscale, a digital asset manager that operates cryptocurrency-based trust investment products such as Bitcoin and Ethereum, announced on the 17th that it has released five new trust products.
All five cryptocurrencies are attracting great attention due to the news of Grayscale’s launch of a trust investment product. According to CoinGecko, the LPT price jumped more than 100% in one day.
Grayscale Investments is offering new trusts to invest specifically in five different cryptocurrencies$BAT $LINK $MANA $FIL $LPT
via @markets @kgreifeld @olgakharifhttps://t.co/9PABzSDCVk
— Barry Silbert (@BarrySilbert) March 17, 2021
Earlier, CoinDesk US reported that at the end of January, Grayscale submitted documents to the authorities for the launch of a new trust product. Grayscale has also reported to the authorities about plans to launch trust products investing in tokens such as AAVE, Cosmos ATOM, Polkadot (DOT), Monero (XMR), and Cardano Ada (ADA).
In an interview with Bloomberg, Chief Executive Officer Michael Sonnensane Grayscale told Bloomberg that “we are considering putting 30 or 40 cryptocurrencies on the nomination list to commercialize (trust) someday.”
CEO Michael Sonnensane said the five cryptocurrencies that are launching trust products this time are not yet mainstream investment assets, but Grayscale’s trust products have been “always a little ahead of their heyday.”
Grayscale, based in New York, is run by Digital Currency Group, CoinDesk US’s largest shareholder.
English article: In-Sun Jeong, Translation and Editing of CoinDesk Korea
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