5 New Trusts for Grayscale Customers

In a recent article, Michael Sonnenshein, Grayscale’s CEO, has announced that the company will offer 5 new crypto investment funds to its clients. This means that the company’s customers will have an opportunity to access more cryptocurrencies and utilize 5 more trusts.

According to available information, Grayscale has launched the five new trusts, which are based on Decentraland (MANA), Basic Attention Token (BAT) and Livepeer (LPT). The other two are Filecoin (FIL) and Chainlink (LINK) coins. These coins were selected based on investor’s demand and how the underlying blockchain of each asset worked.

Notably, each of these coins will have its own specific trust. This is good news for the investment company’s clients who have been waiting for a new trust for more than two years. These new funds are indication of the growth the crypto industry has undergone in recent times.

Grayscale already offers trusts based on Litecoin, Bitcoin Cash, Ethereum, and Bitcoin, just to mention but a few. Its Bitcoin Trust is the most popular of its offerings and the largest in the world —currently, the company holds over $34 billion worth of Bitcoin. However, cumulatively, the investment firm holds over $42 billion worth of crypto assets.

Recent indications also shows that the Sonnenshein led company might be planning a Bitcoin ETF has its recent job postings requires the expertise of individuals with experience in dealings with regulatory authorities and crypto.

Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
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