Grayscale Investments Launches Five New Cryptocurrency Funds

Digital asset management company Grayscale Investments has officially launched five new cryptocurrency funds. Investors gained access to trusts for BAT, LINK, MANA, FIL and LPT coins.

Recall that at the end of January, it was announced the creation of six new funds, but the date of the official launch was unknown. Now Grayscale CEO Michael Sonnenshein in his message on Twitter announced the addition of five new funds – the launch of the trust on the Tezos coin (XTZ), apparently, decided to postpone.

Grayscale is currently the largest digital asset management company in the world, with $ 43.6 billion in assets under its management. The largest remains the Bitcoin trust, which houses $ 36.7 billion in client funds. Ethereum fund raised $ 5.6 billion

Interestingly, although funds are already being placed in new funds, the Trust on Filecoin (FIL) turned out to be not very popular – only $ 40,000 was invested in it. Other new trusts have raised more than $ 1 million each, and the fund on Decetraland (MANA) has already invested $ 8.7 mln.

Earlier, Michael Sonnenshine said that Grayscale is considering the possibility of creating an ETF for Bitcoin, but will do so only after “a clear signal from the regulators.”

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