Grayscale Investments now supports 14 trusts including Bitcoin and Ethereum trusts.Digital Currency Group-backed Grayscale Investments has launched five new digital currency investment trusts. Among the new trusts includes Grayscale Chainlink trust, Grayscale Basic Attention Token trust, Grayscale Decentraland trust, Grayscale Filecoin trust, and Grayscale Livepeer trust.Grayscale noted that there has been a huge influx of digital assets demand in the recent past. The demand has emanated from both institutional and individual investors.Through a statement during the press release, Grayscale CEO Michael Sonnenshein noted that the demand in the crypto industry has significantly spiked in the recent past. “Digital currencies have reached an inflection point. Investor demand has never been
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Grayscale Investments now supports 14 trusts including Bitcoin and Ethereum trusts.
Digital Currency Group-backed Grayscale Investments has launched five new digital currency investment trusts. Among the new trusts includes Grayscale Chainlink trust, Grayscale Basic Attention Token trust, Grayscale Decentraland trust, Grayscale Filecoin trust, and Grayscale Livepeer trust.
Grayscale noted that there has been a huge influx of digital assets demand in the recent past. The demand has emanated from both institutional and individual investors.
Through a statement during the press release, Grayscale CEO Michael Sonnenshein noted that the demand in the crypto industry has significantly spiked in the recent past. “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Sonnenshein.
The firm offers a secure channel for investors to access the cryptocurrency market but in a secure manner. Grayscale investors do not have to worry about security keys as the firm takes care of them. Grayscale Investments now supports 14 trusts including Bitcoin and Ethereum trusts.
“Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward,” He explained.
Effect of Grayscale Trusts Listing on These Five Digital Assets
Although the company did not highlight the criterion used to add the five investment trusts, the effect on the five digital assets’ market price was evident after the announcement.
According to metrics provided by CoinGecko Chainlink (LINK) was up approximately 8.1% to trade around $29.82 at the time of writing. Notably, Chainlink (LINK) jumped approximately 1566% last year.
As for Basic Attention Token (BAT), it was up approximately 44% in the past 24-hours to trade around $1.19. BAT jumped 950% in the past year.
Filecoin (FIL) on the other hand was up approximately 31.6% in the last 24-hours to trade around $75.21. As a result, the asset was up approximately 77% in the past week.
Livepeer (LPT) experienced a significant demand as it was up approximately 114% in the past 24-hours. Hereby, the asset was up over 2457% in the last twelve months.
Decentraland (MANA) on the other hand did not experience increased volatility as the other newly listed assets. However, the asset has added the most amongst all in the last twelve months as it has added approximately 4307%.
All the newly listed trusts are open for subscription according to Grayscale. “The new trusts are now open for daily subscription by the eligible individual and institutional accredited investors,” the firm noted in the press release.
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