Grayscale officially allows institutional investors to pour money into 5 new trust funds, the price of copper surges.

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2021-03-25 07:53:45

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On January 23, crypto asset management giant Grayscale, introduced six more crypto trust funds to institutional investors, but at the time Grayscale had no announcement. specifically, in opening the door to allow institutional investors to participate in the fund.

These 6 crypto trusts, including: “Decentraland trust (MANA), Livepeer trust (LPT), Chainlink trust (LINK), Tezos trust (XTZ), Filecoin trust ( FIL) and the Basic Attention Token (BAT) ”.

However, Michael Sonnenshein, CEO of Grayscale Investments, at the time said:

“Grayscale is always looking for opportunities to meet the needs of institutional investors. We will submit reservations from time to time, although this does not mean that we will market these funds. If there is a new plan, we will immediately notify the investors ”

And today (March 17) at 8:00 pm Grayscale announced the opening to welcome institutional investors to join these trust funds.

Specifically, 5 out of the 6 above funds have been provided with trusts by Grayscale to support institutional investors investing in five cryptocurrencies, including:

As soon as the news was announced, the prices of the above cryptocurrencies saw a significant increase.


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