- Grayscale Investments is launching 5 new funds for BAT, LINK, MANA, FIL and LPT.
- The single-asset investment trusts are available for trading now.
Grayscale Investments, the world’s largest cryptocurrency asset manager today announced the launch of five new digital currency investment trusts, bringing the total number of investment products to 14. The new trusts are:
- Grayscale Basic Attention Token Trust
- Grayscale Chainlink Trust
- Grayscale Decentraland Trust Company
- Grayscale Filecoin Trust Company
- Grayscale Livepeer Trust
Available immediately to eligible individual and institutional accredited investors, they operate in the same manner as Grayscale’s other single-asset investment trusts. Each trust is based on the respective cryptocurrency: Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT).
Grayscale CEO Michael Sonnenshein commented on the launch as follows.
Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class.
Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward.
Grayscale’s other single-asset investment products are based on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). In addition, Grayscale offers a Digital Large Cap Fund that provides exposure to the leading cryptocurrencies by market cap.
In particular, the listing of Decentraland (MANA) and Livepeer (LPT) as lesser-known cryptocurrencies may surprise some investors.
Decentraland is a peer-to-peer virtual reality platform that is a subnetwork on the Ethereum network. Within Decentraland, MANA serves as a unit of account that users can use to pay for goods and services.
The Livepeer network is also based on Ethereum and aims to build a platform for decentralized video broadcasting and streaming. By incentivizing a network of participants, Livepeer hopes to provide a cheaper, more scalable, and censorship-resistant solution for video infrastructure.