Grayscale Expands Crypto Investment Trusts Portfolio

Grayscale Expands Crypto Investment Trusts Portfolio

The world’s biggest crypto asset manager recently disclosed that it will be launching five new cryptocurrency products as investments trust, thus bringing the total investment products it offers to a total of 14.

The official press release by Grayscale reveals that the new additions to its portfolios are Filecoin (FIL), Livepeer (LPT), Basic Attention Token (BAT), Chainlink (LINK), and Decentraland (MANA).

CEO pf Grayscale, Michael Sonnenshein, best commented on the acquisition,

Investor demand has never been higher…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.”

In addition to the new member’s of Grayscale’s portfolio, the asset manager also holds under its wing the following investment trusts: Bitcoin, Etereum, ZEC, ZEN, Litecoin, BCH, Ethereum Classic, and XLM
As of yet, Grayscale is the institution with the largest holding of Bitcoin. It has $38 billion worth of BTC, which The company amounts to some 655 000 bitcoin tokens in total. The firm also increases its accumulation of Ethereum, purchasing more than 40 000 ETC in the last 30 days or so. The complete value of Grauscale’s ETC collection stands at $5.8 billion. The company is currently holding a total of $43,6 billion in crypto assets.
The market cap for all global digital currencies is now at $1.8 trillion.

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