New York, February 26, 2021 (GLOBE NEWSWIRE) – Investing in grayscale®, the largest digital currency asset manager in the world, announces the consideration of several new digital assets for potential new product offerings. The firm, which now offers accredited investors eight investment trusts with a single asset and a diversified fund, continues to look for ways to better meet investors’ growing demand for exposure to digital assets through familiar, secure and regulated investment products. .
The digital assets currently being considered include:
- Aave (AAVE)
- Basic call sign (BAT)
- Cardano (ADA)
- Chain (LINK)
- Compound (COMP)
- Cosmos (ATOM)
- Decentraland (MANA)
- EOS (EOS)
- Filecoin (FIL)
- Flow (Dapper Labs) (FLOW)
- Livepeer (LPT)
- MakerDao (MKR)
- Currency (XMR)
- Cash (MRI)
- Polkadot (DOT)
- Reserve Rights (RSR)
- Stive (STX)
- Sushiswap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- Chart (GRT)
- Uniswap (UNI)
- Yearn Finance (YFI)
“We look forward to expanding our product offerings to better serve our investors,” said Grayscale CEO Michael Sonnenshein. “The digital currency universe is constantly evolving and we seek to identify bold, exciting and innovative opportunities to meet our investors’ demand for differentiated exposure to this booming asset class.”
“We may not turn each of these assets into one of our benchmark investment products,” Sonnenshein continued. “However, as a firm that has been at the forefront of connecting the legacy financial system with the new digital currency-based financial system, we believe it is our responsibility to introduce more diversity to investors in this space.”
The process of creating a structured investment product similar to those already offered by Grayscale requires significant review and analysis and is subject to substantial internal controls, sufficiently secure custody arrangements and regulatory considerations. As such, there is no guarantee that the assets listed above will receive an appropriate investment product.
Any new products created by Grayscale will be announced separately at launch.
Investors can access the existing Grayscale suite of products, as well as research, resources and more, at grayscale.co.
–
Grayscale single-asset investment products offer exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM) and Zcash (ZEC). In addition, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, provides exposure to top digital currencies through market capitalization.
Grayscale investment products are available to accredited institutional and individual investors through their regular and continuous private placements.
In addition, there are secondary markets for six Grayscale products such as Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: fever), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN) and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly listed and available to all individual and institutional investors in the OTCQX® Best Market and other OTC markets. *
* Each product offers a private placement to accredited investors. The investment objective of each product is for its shares (based on digital assets per share) to reflect the value of the digital assets held by such a product, less product expenses and other liabilities.
As each Product does not currently operate a repurchase program, there can be no assurance that the value of the Shares of such a Product will reflect the value of the assets held by such a Product, less the expenses and other liabilities of the Product, and the Shares of such a Product. Product, if traded on any secondary market, may trade with a substantial premium over or with a substantial reduction in the value of the assets held by such Product, less expenses and other liabilities of the Product and such Product may be unable to meet investment objective.
This press release is not an offer to sell or solicit an offer to purchase any guarantee in any jurisdiction in which such an offer or request would be illegal, nor will any guarantee be sold in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification in accordance with the securities law of that jurisdiction.
About investing in grayscale®
Grayscale Investments is the largest digital currency asset manager in the world, with over $ 39.1 billion in assets under management since February 25, 2021. Through its family of investment products, Grayscale offers access and exposure to the currency asset class in the form of traditional security without the challenges of buying, storing and storing digital currencies directly. With proven experience and unparalleled experience, Grayscale products operate within the existing regulatory framework, creating a safe and compliant exposure for investors. Gray products are distributed by Genesis Global Trading, Inc. (FINRA / SIPC member, registered MSRB). For more information please visit grayscale.co and follows @Gray tones scale.
[email protected]