New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital foreign money asset supervisor, is asserting its consideration of a number of new digital property for potential new product choices. The agency, which at the moment provides accredited traders eight single-asset funding trusts and one diversified fund, continues to hunt methods to raised meet rising investor demand for publicity to digital property via acquainted, safe, and controlled funding merchandise.
The digital property at the moment into consideration embody:
- Aave (AAVE)
- Primary Consideration Token (BAT)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Cosmos (ATOM)
- Decentraland (MANA)
- EOS (EOS)
- Filecoin (FIL)
- Circulation (Dapper Labs) (FLOW)
- Livepeer (LPT)
- MakerDao (MKR)
- Monero (XMR)
- Numeraire (NMR)
- Polkadot (DOT)
- Reserve Rights (RSR)
- Stacks (STX)
- Sushiswap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- The Graph (GRT)
- Uniswap (UNI)
- Yearn Finance (YFI)
“We’re desperate to increase our product choices to raised serve our traders,” mentioned Grayscale CEO Michael Sonnenshein. “The digital foreign money universe is consistently evolving and we search to determine daring, attention-grabbing, and modern alternatives that fulfill our traders’ demand for differentiated publicity to this burgeoning asset class.”
“We might not flip every of those property into considered one of our landmark funding merchandise,” continued Sonnenshein. “However as a agency that has been on the vanguard of connecting the legacy monetary system with the brand new, digital currency-driven monetary system, we view it as our accountability to introduce traders to extra variety on this house.”
The method of making an funding product structured equally to these Grayscale already provides requires vital evaluate and consideration, and is topic to substantial inner controls, sufficiently safe custody preparations, and regulatory concerns. As such, there isn’t a assure that property named within the above checklist will obtain a corresponding funding product.
Any newly-created merchandise from Grayscale can be introduced individually upon launch.
Traders can entry Grayscale’s present suite of merchandise, in addition to analysis, assets, and extra, at grayscale.co.
Grayscale’s single-asset funding merchandise present publicity to Bitcoin (BTC), Bitcoin Money (BCH), Ethereum (ETH), Ethereum Traditional (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Moreover, Grayscale’s diversified funding product, Grayscale® Digital Massive Cap Fund, supplies publicity to prime digital currencies by market capitalization.
Grayscale’s funding merchandise can be found to institutional and particular person accredited traders via their respective periodic and ongoing personal placements.
Moreover, secondary markets exist for six of Grayscale’s merchandise as Grayscale® Bitcoin Belief (OTCQX: GBTC), Grayscale® Bitcoin Money Belief (OTCQX: BCHG), Grayscale® Ethereum Belief (OTCQX: ETHE), Grayscale® Ethereum Traditional Belief (OTCQX: ETCG), Grayscale® Litecoin Belief (OTCQX: LTCN) and Grayscale® Digital Massive Cap Fund (OTCQX: GDLC) are publicly-quoted and accessible to all particular person and institutional traders on the OTCQX® Greatest Market and different OTC Markets.*
*Every Product provides a non-public placement to accredited traders. The funding goal of every Product is for its Shares (based mostly on digital property per Share) to replicate the worth of digital property held by such Product, much less such Product’s bills and different liabilities.
As a result of every Product doesn’t at the moment function a redemption program, there could be no assurance that the worth of such Product’s Shares will replicate the worth of the property held by such Product, much less such Product’s bills and different liabilities, and the Shares of such Product, if traded on any secondary market, might commerce at a considerable premium over, or a considerable low cost to, the worth of the property held by such Product, much less such Product’s bills and different liabilities, and such Product could also be unable to fulfill its funding goal.
This press launch is just not a proposal to promote or the solicitation of a proposal to purchase any safety in any jurisdiction the place such a proposal or solicitation could be unlawful, nor shall there be any sale of any safety in any jurisdiction by which such provide, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of that jurisdiction.
About Grayscale Investments®
Grayscale Investments is the world’s largest digital foreign money asset supervisor, with greater than $39.1B in property underneath administration as of February 25, 2021. By way of its household of funding merchandise, Grayscale supplies entry and publicity to the digital foreign money asset class within the type of a conventional safety with out the challenges of shopping for, storing, and safekeeping digital currencies instantly. With a confirmed monitor report and unmatched expertise, Grayscale’s merchandise function inside present regulatory frameworks, creating safe and compliant publicity for traders. Grayscale merchandise are distributed by Genesis International Buying and selling, Inc. (Member FINRA/SIPC, MSRB Registered). For extra info, please go to grayscale.co and comply with @Grayscale.