Grayscale is one of the leading digital assets managers in the cryptocurrency industry that holds some important cryptocurrency trusts.
Grayscale has now announced that it has registered for an array of altcoin trusts.
New Altcoin Trusts On Grayscale
The largest cryptocurrency assets management company has now filed several new altcoin trusts with the Delaware corporate registry. The trusts will give the various investors exposure to cryptocurrency assets and stocks without much risk. As per the news, the digital assets firm has filed for a dozen alt tokens to cater to the increased interest in altcoins. Reportedly Uniswap, Polkadot, EOS, and Cardano are some of the tokens which could have been listed.
The new CEO of Grayscale, Michael Sonenshein, noted that “Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors.”
Grayscale also reopened the Ethereum Trust and resumed the private placement of its shares. Recently the news of Grayscale supporting Decentraland(MANA), Chainlink (LINK), and Basic Attention Token(BAT) was doing the rounds. Currently, Grayscale provides an investment vehicle Ethereum, Ethereum Classic, Bitcoin Cash( BCH), Horizon(Zen), Stellar Lumens(XLM).
The Ethereum Trust manages more than $4 Billion, which operates along with the other trusts. Grayscale manages the private investors and invests their money in cryptocurrency. The firm takes a fee of around 2 percent from its clients and sells the trust’s shares on the various public trading desks. Apart from Bitcoin, Ethereum trust funds, Grayscale also manages Grayscale Digital Large Cap Funds, which helps clients to invest in many crypto assets at a time. Grayscale is a leading digital assets manager and manages around $24 Billion in various trusts. It is way ahead of its competitor CoinShares. In comparison, Grayscale manages around $24 Billion while Coin Shares manages a little over $2.9 Billion.
Apart from Bitcoin, Ethereum trust funds, Grayscale also manages Grayscale Digital Large Cap Funds, which helps clients to invest in many crypto assets at a time.`
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