Grayscale expands asset list for new products

by in Cryptocurrency News

Grayscale

Grayscale Investments has listed 13 additional assets based on which it can offer new investment trusts to clients in the future.

The company has promised to periodically update the list. Grayscale explained that they do not guarantee the launch of new products based on each of the presented assets. This process involves significant work in the areas of regulation, internal control, and storage.

The original listing dated February 26th contained 23 assets.

In March, based on five of them - Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT) - Grayscale created five new investment trusts, bringing the total number under management to fourteen.

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Before this, the firm had filed applications for the registration of six more new trusts.

According to the latest data, the total amount of funds launched by Grayscale Investments in Bitcoin, Ethereum, and other cryptocurrencies amounted to $ 34.4 billion.

The most popular among investors is the Grayscale Bitcoin Trust (GBTC). At the time of writing, it has raised $ 25.1 billion. The investment opportunity in this product has remained unavailable since March.

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According to Bitcoin Treasuries, GBTC accounts for 3.1% of the maximum Bitcoin emission limit (21 million BTC).

Investors have invested $ 7.5 billion in the Grayscale Ethereum Trust, the second-largest fund by assets.