Grayscale Investments LLC has launched five additional crypto trusts on the 17th of March. The newly-launched crypto-based trusts would give institutional investors exposure to certain altcoins. Such altcoins include Chainlink (LINK), Filecoin (fil), Livepeer (LPT), Decentraland (MANA), and Basic Attention Token (BAT). In total, Grayscale now has 13 single-asset crypto offerings.
Grayscale CEO Michael Sonnenshein commented on the launch. He said:
“At any one time, we’re probably maintaining a list of what could be 30 products, could be 40 products that we’re interested in bringing to market. We’re trying to always reconcile where we may find compelling opportunities in the digital assets ecosystem and trying to reconcile where investors are interested in deploying capital.”
Before now, CoinDesk reported that Grayscale may launch new trusts for Aave (AAVE), Monero (XMR), and Polkadot (DOT). According to the report, records at the Delaware corporate registry reveal that the investment firm has filed for AAVE, DOT, and Cosmos (ATOM).
Following the news on Grayscale’s new additions, the affected digital assets jumped. LPT is up 138.16% in the last 24 hours and currently trading at $16.62.
Image Credits: Pixabay
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