Grayscale Now Offers Five New Crypto Trusts, Including LINK and FIL

Grayscale’s CEO Michael Sonnenshein and crypto magnate Barry Silbert have shared a Bloomberg article about Grayscale offering investors five new crypto trusts.

Grayscale launches five new crypto trusts

Grayscale Investments has announced that it has launched five new cryptocurrency trusts based on Chainlink (LINK), Filecoin (FIL), Livepeer (LPT), Basic Attention Token (BAT) and Decentraland (MANA) coins.

Those will be specific trusts for one coin each. These are the first new trusts launched by the company since 2019.

To select these coins as investment assets, Grayscale has studied investor demand and how reliable and promising the underlying blockchains are.

Now, Grayscale offers a total of thirteen crypto trusts to its customers with the Bitcoin Trust (holding $34 billion in crypto) being the largest and most popular.

As of March 16, Grayscale holds an aggregate of $42.9 billion crypto AUM.