Grayscale Registers Long List of Altcoin Trusts, Sparks Rumors of Support for Cardano, Polkadot and Additional Assets

Digital asset manager Grayscale is sparking chatter in the cryptoverse after its recent move to register a long list of altcoin trusts.

Grayscale could be gearing up to support a new batch of altcoins after the world’s largest crypto asset management firm filed new trusts in the Delaware corporate registry.

New names added to Grayscale’s growing list of crypto trusts include:

• Grayscale Aave Trust (AAVE)
• Grayscale Cardano Trust (ADA)
• Grayscale Cosmos Trust (ATOM)
• Grayscale EOS Trust (EOS)
• Grayscale Monero Trust (XMR)
• Grayscale Uniswap Trust (UNI)
• Grayscale Polkadot Trust (DOT)

The filing of the new altcoin trusts comes days following reports of Grayscale possibly supporting Chainlink (LINK), Decentraland (MANA), and Basic Attention Token (BAT).

Grayscale’s current suite of products allows investors exposure to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC).

The company offers the Grayscale Digital Large Cap Fund as well, a product that gives clients exposure to a number of digital assets at once.

Over the last few months, Grayscale has grabbed headlines for purchasing huge quantities of BTC on behalf of its investors.

Last year, the Grayscale Bitcoin Trust grew from $1.8 billion to $17.5 billion in assets under management. In Q4 of 2020, weekly investments in the Grayscale Bitcoin Trust averaged out to $217 million per week.

 

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