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New Filing From Grayscale Hints at 5 More Cryptocurrency Trusts

Jan. 22, 2021

Grayscale registered new single asset trust funds for Chainlink, Basic Attention Token, Tezos, Decentraland and Livepeer.

New Filing From Grayscale Hints at 5 More Cryptocurrency Trusts

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In a recent filing, Grayscale revealed that they may begin offering new single-asset trust products for five more cryptocurrencies.

Grayscale’s Latest Registration

On Dec. 18, 2020, Grayscale’s business partner Delaware Trust Company filed five new asset trusts with Delaware’s corporation’s registry. Delaware Trust functions as the firm’s statutory trustee for the state.

Grayscale Investments is the world’s largest digital asset manager with more than $25 billion in Net Assets Under Management (AUM) currently.

The asset manager runs multiple trust funds that offer an investment into standalone digital assets, as well as a diversified fund called the Grayscale Large Cap Trust.

The new trust funds when launched will offer investors exposure to the following digital assets:

Chainlink (LINK)
Basic Attention Token (BAT)
Decentraland (MANA)
Livepeer (LPT)
Tezos (XTZ)

However, the firm has not yet officially announced the new single-asset trust funds. The asset management firm said it often makes reservation filings which do not necessarily mean the specific products will be brought to market.

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