New York, February 26, 2021 (GLOBE NEWSWIRE) – Investments in shades of gray®, the world’s largest digital currency asset manager, is announcing its consideration of several new digital assets for possible new product offerings. The company, which currently offers accredited investors eight single-asset investment funds and a diversified fund, continues to seek ways to better meet investors’ growing demand for exposure to digital assets through familiar, safe and regulated investment products.
The digital assets currently under consideration include:
- Aave (AAVE)
- Basic Attention Token (BAT)
- Cardano (ADA)
- Chain wire (LINK)
- Compound (COMP)
- Cosmos (ATOM)
- Decentraland (MANA)
- EOS (EOS)
- Filecoin (FIL)
- Flow (Dapper Labs) (FLOW)
- Livepeer (LPT)
- MakerDao (MKR)
- Monero (XMR)
- Numeraire (NMR)
- Polkadot (DOT)
- Reservation rights (RSR)
- Batteries (STX)
- Sushiswap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- The graph (GRT)
- Uniswap (UNI)
- Yearn Finance (YFI)
“We are looking forward to expanding our product offerings to better serve our investors,” said grayscale CEO Michael Sonnenshein. “The universe of digital currency is constantly evolving and we seek to identify bold, interesting and innovative opportunities that meet our investors’ demand for differentiated exposure to this expanding asset class.”
“We cannot transform each of these assets into one of our benchmark investment products,” continued Sonnenshein. “But as a company that was at the forefront of connecting the legacy financial system with the new financial system based on digital currency, we consider it our responsibility to present investors with more diversity in this space.”
The process of creating an investment product structured similarly to those already offered in shades of gray requires significant analysis and consideration and is subject to substantial internal controls, sufficiently safe custody agreements and regulatory considerations. As such, there is no guarantee that the assets mentioned in the list above will receive a corresponding investment product.
All newly created gray scale products will be announced separately at launch.
Investors can access the existing grayscale product suite, as well as research, resources and more on grayscale.co.
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Grayscale’s single asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM) and Zcash (ZEC). In addition, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, offers exposure to major digital currencies by market capitalization.
Grayscale’s investment products are available to accredited institutional and individual investors through their respective periodic and continuous private placements.
In addition, there are secondary markets for six of the gray scale products like Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN) and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly quoted and available to all individual and institutional investors on the OTCQX® Best Market and other OTC Markets. *
* Each Product offers a private placement for accredited investors. The investment objective of each Product is that its Shares (based on digital assets per Share) reflect the value of the digital assets held by that Product, less expenses for that Product and other liabilities.
Since each Product does not currently operate a redemption program, there can be no guarantee that the value of Shares in such Product will reflect the value of the assets held by such Product, less expenses for the Product and other liabilities, and the Shares of such Product, if traded on any secondary market, you may trade with a substantial premium or a substantial discount on the value of the assets held by such Product, less Product expenses and other liabilities, and such Product may be unable to meet your investment objective.
This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be unlawful, nor should there be any sale of any security in any jurisdiction where such an offer or solicitation or the sale would be illegal prior to registration or qualification under the securities laws of that jurisdiction.
About grayscale investments®
Grayscale Investments is the largest digital currency asset manager in the world, with more than $ 39.1 billion in assets under management on February 25, 2021. Through its family of investment products, Grayscale provides access and exposure to class of digital currency assets in the form of traditional security without the challenges of buying, storing and saving digital currencies directly. With a proven track record and unrivaled experience, Grayscale products operate within existing regulatory frameworks, creating safe and compatible exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA / SIPC, registered MSRB). For more information please visit grayscale.co And follow @Grayscale.
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