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