Grayscale Investments, the largest cryptocurrency asset manager, could potentially launch a trust based on the DeFi token of the yEarn.Finance project. The investment product was registered by a trusted representative of the firm – Delaware Trust Company (DTC).
Data: icis.corp.delaware.gov.
According to the information on the Delaware website, the Grayscale Yearn Finance Trust (YFI) was registered on February 10, 2021.
Over the past two days, the YFI token has risen in price from approximately $ 34,000 to over $ 46,000 – more than 35% (Kraken exchange).
Data: TradingView.
At the end of January, DTC registered six trusts for Grayscale: based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano.
In December 2020, the company applied for fund registrations for Chainlink, Tezos, Basic Attention Token, Decentraland and Livepeer.
At the time of writing, of the 33 registered Grayscale trusts, 9 are active.
The value of assets under the management of the investment company exceeded $ 30 billion. About 80% of them belong to the bitcoin trust.
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