Altcoin ChainLink fired after Grayscale trust launch

by in Cryptocurrency News


Grayscale, which manages up to $ 43.6 billion in digital assets, has launched new trusts.

Institutional investors have the opportunity to channel funds into products focused on ChaniLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).

Grayscale has previously stated on several occasions that it is ready to expand the list of crypto trusts if there is demand from investors.

CEO Michael Sonnenschein said that Grayscale often looks at specific digital assets. However, this does not mean that she will go to launch a trust focused on this coin. Before a relevant product appears, analysts do a lot of work to assess the potential of a tool.

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All altcoins on which new trusts are based have skyrocketed in value today. Livepeer, for example, jumped more than 225%.

The most famous of them is ChainLink, which is now among the top ten cryptocurrencies. This coin has risen in price by almost 10% over the past 24 hours to $ 29.96.

Altcoin capitalization on Thursday, March 18, rose to $ 12.2 billion. On the first day, the ChainLink trust raised $ 1.4 million.

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Note that Grayscale's largest crypto-focused product is the Bitcoin Trust. It has accumulated $ 36.696 billion.