Grayscale to Set Up 5 New Digital Asset Trusts by Taiwo Lawal

Giant New York based digital currency asset manager, Grayscale Investments LLC. is set to unlock new digital asset trust for some cryptos. Grayscale provides digital asset investment services revolving around info, products and investment exposure to the emerging virtual currency asset class. Read more related articles: Whales Silently Purchase BTC Regardless of Rumours that They
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The company is now looking to diversify into several other cryptos in terms of creating trusts for them. There are talks that trusts for decentraland, tezos, livepeer, chainlink, basic attention token etc. have been filed in Delaware, precisely at the Delaware’s corporations registry on the 18th of December, 2020.

Grayscale notes:

“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”

It is quite possible for other new crypto trusts to be established after this round as it even appears that a filing for a Filecoin Trust was already done as far back as the 15th of October, 2020. This move is a good prediction for new crypto trusts to come alive.

What do you think?

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The post Grayscale to Set Up 5 New Digital Asset Trusts appeared first on Cryptotvplus.