AA NewsChainlink (LINK) PriceCrypto NewsGrayscaleLINKBTCLINKUSDSocial

Grayscale Adds LINK, BAT, and 3 Other Products to Their Trusts

Institutional investors employing the services of Grayscale Investments would have the option to choose from five new product additions. Namely, those are Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).  
The company’s recently-appointed CEO, Michael Sonnenshein, broke the news on Twitter earlier today. Upon the addition of the five aforementioned coins, the total number of Grayscale Trusts has grown to 14.  
Sonnenshein explained that “investor demand has never been higher” for various cryptocurrencies, as they have “reached an inflection point.”  
The five new trusts are already operational for daily subscription by eligible individual and institutional accredited investors. They would be able to purchases shares of the products through “their respective periodic and ongoing private placements.” 
As with the company’s other products, the trusts’ primary focus is to be “solely invested in the digital currencies underpinning BAT, LINK, MANA, FIL, and LPT.” 
Grayscale said that it will attempt to have shares of the new products quoted on a secondary market, but “there is no guarantee that we will be successful.” Although some shares have already received such approval, investors should be wary that they could still be unavailable on secondary markets because of a “variety of factors,” including regulatory issues. 
Interestingly, four of the five coins have increased in value following the announcement. LPT surged by roughly 100% to $14, BAT jumped by 40% to $1.20, FIL (35%) to $73, and LINK (10%) to $30. MANA is the only token that has failed to produce any significant gains as of writing these lines.

Story continues on Crypto Potato

Related posts
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Polkadot, Enjin, VeChain Price Analysis: 17 March

While the larger altcoin market does share a broad correlation with Bitcoin, the world’s largest cryptocurrency, the said correlation isn’t uniform or inconsistent. This was the case over the past weeThe post Polkadot, Enjin, VeChain Story continues on AMB Crypto
AA NewsADABTCADAUSDCardanoCrypto NewsCrypto Scams

Cardano’s Charles Hoskinson Threatens YouTube and Twitter with Lawsuits over Crypto Scams

Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these…
BitcoinBTC Trading ViewNewsNews 1SocialTrading View

When will Bitcoin's price double next?

Bitcoin’s price moved quickly to double within the span of 22 days, with the crypto hitting the $42,000-mark on 7 January. However, it’s worth noting that the fastest doubling in the history of BitcoiThe post When will Bitcoin’s price double…