Grayscale adds five new crypto investment trusts including Chainlink and Filecoin

Cryptocurrency • March 17, 2021, 1:56PM EDT
UPDATED: March 17, 2021, 3:16PM EDT
The Block

Crypto asset management company Grayscale has added five new investment trusts to its product suite.

The new products are Basic Attention Token ($BAT), Chainlink ($LINK), Decentraland ($MANA), Filecoin ($FIL) and Livepeer ($LPT), according to a tweet by Grayscale CEO Michael Sonnenshein.

The additions come nearly two months after the company incorporated six more trusts, including those connected to the Chainlink (LINK) and Tezos (XTZ) tokens. 

“Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors,” Sonnenshein told The Block at the time.

Grayscale is the largest crypto asset manager in the world and manages over $42.9 billion worth of assets. 

AUTHOR

Saniya More profile picture Saniya More

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.

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