Grayscale, digital asset manager, triggers a chatter in Cryptoverse after his latest move to register a long list of altcoin trusts.
Grayscale could prepare to support a new batch of altcoins after the world’s largest crypto asset management firm added new trusts to the Delaware corporation registry.
New names added to Grayscale’s growing list of crypto trusts include:
- Grayscale Aave Trust (AAVE)
- Grayscale Cardano Trust (ADA)
- Grayscale Cosmos Trust (ATOM)
- Grayscale EOS Trust (EOS)
- Grayscale Monero Trust (XMR)
- Grayscale Uniswap Trust (UNI)
- Grayscale Polkadot Trust (DOT)
The filing of the new altcoin trusts comes days after reports of grayscale that may support Chainlink (LINK), Decentraland (MANA) and Basic Attention Token (BAT).
Grayscale’s current product suite enables investors to get exposure to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM) and Zcash ( ZEC).
The company also offers the Grayscale Digital Large Cap Fund, a product that allows clients to invest in a range of digital assets at the same time.
In the past few months, Grayscale has made headlines for buying large amounts of BTC on behalf of its investors.
Last year, the Grayscale Bitcoin Trust grew from $ 1.8 billion to $ 17.5 billion in assets under management. In the fourth quarter of 2020, weekly investments in the Grayscale Bitcoin Trust averaged $ 217 million per week.
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