Digital asset management company Grayscale Investments has created six new trusts for various coins, including LINK and XTZ, but the funds are not yet available to investors.
The formation of the trusts was handled by Grayscale’s “official confidant” – the Delaware Trust Company. In addition to Chainlink (LINK) and Tezos (XTZ), funds were launched for Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT) and Filecoin (FIL). The trusts were formed in December, in addition to the FIL fund, which was established in October 2020.
According to Michael Sonnenshein, CEO of Grayscale Investments, the formation of trusts does not mean their official launch:
“Grayscale is always looking for new opportunities and creating new products to meet customer demand. Often we make orders in advance for the creation of a new product, but we do not always bring it to the market. We will, of course, officially announce when new products become available to investors. ”
As a reminder, Grayscale Investments is the largest digital asset manager in the world. Now the company manages $ 25 billion of crypto assets.The largest trust remains the Bitcoin trust, in which $ 21 billion has been invested.In the IV quarter of 2020, $ 3.3 billion was invested in the company’s funds.