Investment firm Grayscale has launched private trust services for several different cryptocurrencies.
Grayscale, which stands out with its success in the Spot Bitcoin exchange traded fund (ETF) process, has taken action for altcoin trusts. Chinese cryptocurrency journalist Colin Wu by According to information provided, Grayscale recently launched customized subscriptions for certain cryptocurrency trusts that accredited investors can access.
Among the trusts in question Grayscale Bitcoin Cash (BCH) Trust, Grayscale Litecoin (LTC) Trust, Grayscale Chainlink (LINK) Trust, Grayscale Solana (SOL) Trust And Grayscale Stellar Lumens (XLM) Trust took place. Investors will have the opportunity to subscribe based on the net asset value of each trust.
Grayscale sold hundreds of millions of dollars from its Grayscale Bitcoin Trust (GBTC) fund every day in the approximately 1 month period after the USA approved spot Bitcoin ETFs. The basis of these transactions was companies’ profit selling and escape from GBTC’s high operating fee.