Grayscale launches five new cryptocurrency trusts

Grayscale Investments announced the launch of five investment products. The total number of cryptocurrency trusts under the company’s management rose to fourteen.

Have you heard? We just launched five new digital currency investment trusts: https://t.co/wUTVJ9s4Xs

— Grayscale® Basic Attention Token Trust
— Grayscale® Chainlink Trust
— Grayscale® Decentraland Trust
— Grayscale® Filecoin Trust
— Grayscale® Livepeer Trust

— Grayscale (@Grayscale) March 17, 2021

The new products provide exposure to Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer tokens without the need to purchase the digital assets directly.

According to the statement, the shares of the trusts are already available for purchase by individual and institutional accredited investors.

Total assets under management (AUM) by Grayscale stand at $42.9 billion, of which nearly $36.1 billion is in the Bitcoin Trust.

03/16/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $42.9 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC pic.twitter.com/ecVFKWkQEo

— Grayscale (@Grayscale) March 16, 2021

“Cryptocurrencies have reached a turning point. Investor demand has never been higher, and every day we see new participants in what has undoubtedly become a true asset class,” said Grayscale CEO Michael Sonnenshein.

The company filed in December 2020 registration applications for funds based on Basic Attention, Chainlink, Decentraland and Livepeer. For the Filecoin (FIL)–based investment product the firm made a similar request in October.

In January 2021 the firm filed applications to register trusts based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano, and a month later added to the potential products a fund for investing in the DeFi project token yEarn.Finance.

Earlier Grayscale liquidated the XRP token trust from Ripple. The decision was influenced by a lawsuit filed by the U.S. Securities and Exchange Commission against the California fintech company.

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