New Announcement from Grayscale for Five Altcoins Including Solana and Chainlink!

Bitcoin investors looking to fuel portfolio diversification while remaining the main focus of investors BTC He is also interested in other altcoins.

aware of this situation Grayscale various altcoin took a new step for their trust. These altcoins Bitcoin Cash (BCH), Chainlink (LINK), Litecoin (LTC), Solana (SOL) and Stellar (XLM) It was seen to be.

According to a post by Chinese cryptocurrency journalist Wu Blockchain, Grayscale has launched special subscriptions for certain cryptocurrency trusts that only accredited investors can access.

Among these trusts Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust and Grayscale Stellar Lumens Trust It is located.

Grayscale’s email notification shows that private placement subscriptions for some cryptocurrency trusts have been opened to accredited investors, including Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale…

— Wu Blockchain (@WuBlockchain) February 15, 2024

Subscriptions will be determined according to net asset value, and investors will have the opportunity to subscribe according to the net asset value of each fund.

Grayscale, offered institutional players exposure to different crypto assets due to the lack of regulation in the market. However, large institutional investors stayed away from GBTC due to high transaction fees. High transaction fees are also one of the key factors behind the massive outflows experienced by Grayscale Bitcoin ETFs last month.

*This is not investment advice.