Digital asset investment giant Grayscale has added five new cryptocurrency trusts to its roster, including Basic Attention Token (BAT), (LINK), Decentraland (MANA), (FIL), and Livepeer (LPT), according to a press release published today.
“Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Grayscale CEO Michael Sonnenshein in the release.
ANNOUNCEMENT: 5 new products have been added to the @Grayscale line up!
— Michael Sonnenshein (@Sonnenshein) March 17, 2021
Per the release, the new trusts are open for daily subscription for “eligible individual and institutional accredited investors.”
With the new additions, Grayscale now has 14 different cryptocurrency trusts in total including its flagship .
“We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward,” Sonneshein added.
Grayscale also plans to have shares of its new products quoted on secondary markets as well, but “there is no guarantee that we will be successful.” According to the release, various factors including “questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding such products,” may prevent them from going to secondary markets.