After the selloff yesterday it looks like most coins are recovering pretty well. I didn’t notice unusual spike BAT which I thought was a bit odd.
At the moment it’s about 30% out for the day which is outpacing it’s peers. I first thought it could just be the recovery but then I saw a news article saying that Grayscale is hinting at opening up some new funds.
Grayscale registered new single asset trust funds for Chainlink, Basic Attention Token, Tezos, Decentraland and Livepeer.
Xtz is moving, but not to the extent of BAT. It might be worth putting some funds in to see if we get a spike on the news.
However, the firm has not yet officially announced the new single-asset trust funds. The asset management firm said it often makes reservation filings which do not necessarily mean the specific products will be brought to market.
This is still an interesting development that we should be watching carefully has they are buying up a huge amount of the supply of the Bitcoin. I figured it would not be too long until there’s an institutional investor that wants to get into the alt coin space to repeat bitcoins early gains.