Grayscale Investments has announced that it is exploring the addition of 23 new digital asset trusts
The list includes Chainlink, Cardano, Polkadot, Aave, just to name a few
Grayscale’s announcement confirms earlier speculation that it was in the process of creating new trusts
The Wall Street Investment firm of Grayscale has confirmed that it is exploring the addition of several new product offerings. Grayscale is now considering the following 23 digital assets as part of meeting investors’ demand for additional exposure to cryptocurrencies.
The CEO of Grayscale, Michael Sonnenshein, reiterated that the possible expansion of product offerings was due to investors’ demand.
We’re eager to expand our product offerings to better serve our investors. The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.
We may not turn each of these assets into one of our landmark investment products. But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.
Each New Trust is Subject to Intensive Review
At the time of writing, Grayscale offers accredited investors access to eight investment trusts and one diversified fund. The announcement by Grayscale confirms earlier speculation that the firm was in the process of creating trusts particularly for Chainlink, Cardano, Cosmos, Basic Attention Token alongside the DeFi tokens of Uniswap (UNI), Yearn Finance and Compound (COMP).
Each potential trust will be reviewed and evaluated according to internal controls, sufficient custody arrangements and regulatory approvals.