Grayscale confirms interest in creating products from Chainlink, Monero and other altcoins

Charlie Taylor

Grayscale, the world's largest crypto asset manager, announced in a press release that it is eyeing the creation of new crypto-trusts, similar to the GBTC fund, based on Chainlink, Monero, Yearn.Finance, Cardano and other altcoins on the market.

The company, which currently offers accredited investors eight single-asset investment funds and a diversified fund, continues to look for ways to better meet growing investor demand for exposure to digital assets through familiar, safe and regulated investment products, states the publication.

The digital assets currently under consideration include: Aave (AAVE) Basic Attention Token (BAT) Cardano (ADA) Chainlink (LINK) Compound (COMP) Cosmos (ATOM) Decentraland (MANA) EOS (EOS) Filecoin (FIL) Flow (Dapper Labs ) (FLOW) Livepeer (LPT) MakerDao (MKR) Monero (XMR) Numeraire (NMR) Polkadot (DOT) Reserve Rights (RSR) Stacks (STX) Sushiswap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) Uniswap (UNI) Yearn Finance (YFI) Currently, the company allows the purchase of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM) and Zcash (ZEC) through their funds.

We look forward to expanding our product offerings to better serve our investors. The universe of digital currencies is constantly evolving and we seek to identify bold, interesting and innovative opportunities that meet our investors' demand for differentiated exposure to this expanding asset class, said Grayscale CEO Michael Sonnenschein.

Grayscale currently has about $ 39 billion worth of crypto assets under management. The company's funds have proven to be an option for institutional investors who want to expose themselves to Bitcoin and cryptocurrencies through a regulated financial product.

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It was reported that none of the currencies on the list is likely to become a single product, with the assets being traded together.Read more: Billionaire Wall Street manager should add Bitcoin to its diversified fund

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