Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
January 30, 2021

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

By Daily Hodl Staff

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.

ADVERTISEMENT

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.

ADVERTISEMENT

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.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.