The world’s largest asset manager has set up six new funds. Including for Chainlink and Tezos.
Grayscale apparently wants to reposition itself for the future
This emerges from the commercial register of the US state Delaware. Accordingly, the largest digital asset manager in the world founded five new trusts on December 18th last year. Specifically, this includes: Chainlink, Basic Attention Token, Decentraland, Livepeer and Tezos. Previously, Grayscale also registered its own trust for Filecoin in October. The asset manager would like to diversify further and is taking a prophylactic step. Establishing a trust does not mean that Grayscale will bring these products to market. Compared to „The Block“ CEO Michael Sonnenshein said:
Grayscale is always looking for ways to offer products that meet investor needs. Occasionally we will make reservation registrations, although registration does not mean that we will be launching a product. Grayscale has and will continue to announce when new products are made available to investors.
3 percent of all Bitcoin at Grayscale
In the past, Grayscale has mainly focused on its hobbyhorse Bitcoin. The digital asset manager recently invested another 607 million US dollars in digital gold. The US company now holds three percent of all Bitcoin worldwide. A look at the total volume of all investments managed under Grayscale (25 billion US dollars) underscores the company’s preference when it comes to selecting its assets: Bitcoin (21 billion US dollars AUM).
In doing so, Grayscale also proves that it can quickly get rid of unfavorable assets. As can currently be observed in the Ripple Causa. The world’s largest digital asset manager quickly dissolved its XRP trust after various crypto exchanges had removed all trading pairs for the crypto currency. The basis for this is the current proceedings between the American Securities and Exchange Commission (SEC) and the Californian FinTech. The SEC accuses Ripple of trading an unannounced security with its cryptocurrency XRP. Now the tax authorities are demanding a fine of 1.3 billion US dollars from the start-up.