Grayscale Launches Five New Crypto Trusts
Grayscale already owns 14 investment products, and now they announce the launch of five more. They added to their portfolio BAT, LINK, MANA, FIL and LPT investment trusts. This news made named tokens add in price immediately.
BAT, FIL and MANA added more than 20% within the last 24 hours. LPT showed the most significant growth by gaining more than 200%, while LINK showed the modest 8% gain. Michael Sonnenshein notices that the demand for crypto investment is higher than ever, and new investors keep entering the market.
At the moment Grayscale holds more than $36 billion in Bitcoins and $5.8 billion in Ethereums. They make more than 90% of the company’s total value of crypto assets. In addition, the Digital Currency Group buys $250 million worth of Grayscale Bitcoin Trust shares.