The Grayscale Bitcoin Trust (GBTC) on Monday introduced the addition of 5 new tokens to its funding merchandise. The new tokens have begun buying and selling within the markets, taking Grayscale’s complete variety of merchandise supplied to 14 now.
The new token additions are Grayscale Basic Attention Token Trust (GBAT), Grayscale Chainlink Trust (GLNK), Grayscale Decentraland Trust (MANA), Grayscale Filecoin Trust (FILG) and Grayscale Livepeer Trust (GLIV). The digital foreign money asset supervisor provide traders complete publicity to the cryptocurrency market.
Grayscale’s Leadership In Crypto
The token addition comes at a time when the cryptocurrency market witnessed large hit. In the house of 1 week, Terra’s UST crash resulted in a wider market injury. While making the announcement on Monday, Grayscale asserted its management within the house saying:
“Sometimes leadership means moving against the tide. With our current and future offerings, we hope to offer discerning investors the tools to build a diversified digital asset portfolio.”
ETF Conversion Goal
Craig Salm, Grayscale’s chief authorized officer, mentioned,
“Today’s announcement reaffirms Grayscale’s commitment to moving all of our digital currency investment products through our intended four-phase product lifecycle, with the intention of ultimately converting each into an ETF. We believe that investors deserve access to the digital currency ecosystem through secure products”
Earlier within the day, Grayscale mentioned it’s launching a number of new European-listed products as a part of its cross-Atlantic debut. The ETF will probably be Grayscale’s first European fund to be listed on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra. Moreover, the ETF will probably be obtainable to commerce throughout Europe.
Grayscale, the world’s largest asset administration agency, desires to companion with traders in deploying capital into cryptocurrencies. The agency’s single-asset funding merchandise present publicity to many cryptocurrencies other than Bitcoin. Others embody Bitcoin Cash, Ethereum, Ethereum Classic, Horizen, Litecoin, Solana, Stellar Lumens, and Zcash.
It additionally affords traders publicity to digital belongings by its diversified merchandise, Grayscale Digital Large Cap Fund, which supplies protection of the higher 70% of the digital foreign money market by market capitalization.
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