Alternative Investments/Digital: Grayscale Expands Product Lineup; Launches Five New Crypto Investment Trusts

https://dailyalts.com/wp-content/uploads/2021/03/20643390_1463767277045168_8207410926603792810_o.png

The five trusts address the digital currencies of Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).

Grayscale Investments launched on Wednesday five new digital currency investment trusts to address the growing global demand for digital currency products.

The new trusts are named the Grayscale Basic Attention Token Trust, Grayscale Chainlink Trust, Grayscale Decentraland Trust, Grayscale Filecoin Trust, and the Grayscale Livepeer Trust. These trusts are now open for daily subscription eligible individual and institutional accredited investors.

“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,” said Grayscale CEO Michael Sonnenshein in a statement. “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.”

Name Grayscale® Basic Attention Token Trust Grayscale® Chainlink Trust Grayscale® Decentraland Trust Grayscale® Filecoin Trust Grayscale® Livepeer Trust
Token One of the first securities solely invested in and deriving value from the price of BAT – A new token to value user attention on the Internet. One of the first securities solely invested in and deriving value from the price of LINK – A digital asset token providing reliable data to smart contracts One of the first securities solely invested in and deriving value from the price of MANA – A digital asset token used to pay for goods and services in Decentraland One of the first securities solely invested in and deriving value from the price of FIL – A platform that connects banks, payment systems, and people. One of the first securities solely invested in and deriving value from the price of LPT – A decentralized video transcoding network built on the Ethereum blockchain
Details of vehicle Grayscale Basic Attention Token Trust is solely and passively invested in BAT, enabling investors to gain exposure to BAT in the form of a security while avoiding the challenges of buying, storing, and safekeeping BAT directly. Grayscale Chainlink Trust is solely and passively invested in LINK, enabling investors to gain exposure to LINK in the form of a security while avoiding the challenges of buying, storing, and safekeeping LINK directly. Grayscale Decentraland Trust is solely and passively invested in MANA, enabling investors to gain exposure to MANA in the form of a security while avoiding the challenges of buying, storing, and safekeeping MANA directly. Grayscale Filecoin Trust is solely and passively invested in Filecoin, enabling investors to gain exposure to FIL in the form of a security while avoiding the challenges of buying, storing, and safekeeping FIL directly. Grayscale Livepeer Trust is solely and passively invested in LPT, enabling investors to gain exposure to LPT in the form of a security while avoiding the challenges of buying, storing, and safekeeping LPT directly.
Benchmark Index TradeBlock BTX Index 24-hour VWAP TradeBlock LNX Index 24-hour VWAP TradeBlock MANA Composite 24-hour VWAP TradeBlock FIL Composite 24-hour VWAP TradeBlock LPT Composite 24-hour VWAP
Inception date Feb 25, 2021 Feb 25, 2021 Feb 25, 2021 Feb 25, 2021 Feb 25, 2021
Annual Fee 2.50% 2.50% 2.50% 2.50% 2.50%
Shares Outstanding (Mar 17, 2021)                                                 1,80,500                                          4,84,600                                      9,40,000                                              500                                   1,40,400
Token/share 9.98699432 0.09986994 9.98699432 0.99986302 0.99952065

 

Related Story:  Grayscale Nabs $700M Of Inflows In A Day                                        

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/04/bitcoin-4317828_640.jpg
Digital Assets: MicroStrategy To Pay Directors In Bitcoin
April 12, 2021     Digital Assets, News

In a unique plug for bitcoin’s adoption, MicroStrategy (NASDAQ: MSTR), the business information firm, has decided to pay its non-employee directors in bitcoin. The company has been a trendsetter, setting…

https://dailyalts.com/wp-content/uploads/2021/04/frog-1339894_640.jpg
Alternative Investments/Digital: Yet Another Bitcoin ETF Application; Galaxy Digital Is The Latest Hopeful

Galaxy Digital, the cryptocurrency investment firm led by Mike Novogratz, has filed an application with the SEC to launch a bitcoin ETF that will trade on the NYSE Arca. The…

https://dailyalts.com/wp-content/uploads/2021/04/DjDeFVDU4AAjJ26-scaled.jpg
Artificial Intelligence: Microsoft Eyeing Acquisition of Nuance Communications (Bloomberg)

Microsoft (NASDAQ: MSFT) may buy Nuance Communication (NASDAQ: NUAN) at a valuation of $56 per share, according to Bloomberg, which cited unnamed people who were familiar with the matter. The…

https://dailyalts.com/wp-content/uploads/2021/04/dollar-2891849_640.jpg
Venture Capital: Supervest, A Platform That Matches Loan-Seeking Merchants With Investors, Is Seeking Funds
April 12, 2021     FinTech, News, Venture Capital

Supervest calls it a new asset class. Merchant cash advances (MCA) are a form of short-term financing for merchants in the form of a sales agreement in which capital is…