The Asian cryptocurrency market has been growing. Seychelles-based cryptocurrency exchange Huobi announced its plans to form cryptocurrency funds like Grayscale.
Breaking: China's largest exchange Huobi has obtained a Hong Kong cryptocurrency fund license, and it will launch Bitcoin, Ethereum and multi-strategy funds on March 3. Similar to the Grayscale, this move by Huobi may promote traditional Asian investors to cryptocurrency field. pic.twitter.com/IIrhZVKiGQ— Wu Blockchain (@WuBlockchain) March 4, 2021
Huobi is a global blockchain asset financial services provider including exchange, trade, wallet, and storage.Meanwhile, the world's largest digital asset manager GrayScale continues to bring on more news. The company's total AUM reached 39.2 Billion. Recently GrayScale announced invested $ 28.9 M in Litecoin in a month.
Currently, the asset manager supports Bitcoin, Bitcoin Cash, Eth, Ethereum Classic, Horizen, Litecoin, Stellar Lumens, and Zcash.
However, Grayscale intends to add more altcoin trusts. Particularly, it considers offering 23 more altcoins as investment products.
Trending: WWE Is Launching The UnderTaker NFTsIt remains to wait and see what assets Huobi is going to offer and if it will become popular like Grayscale.