Grayscale Investments, crypto asset manager with a portfolio filled with over 628,000 Bitcoin has created 6 new trusts. These trusts were created by Deleware Trust Company who is the "statuatory trustee" for Grayscale.
The new trusts are for the following coins:
#1 Chainlink (LINK)
#2 Tezos (XTZ)
#3 Basic Attention Token (BAT)
#4 Decentraland (MANA)
#5 Livepeer (LPT)
#6 Filecoin (FIL)
Each of these trusts was formed in December, except for one, Filecoin, which was formed in October.
CEO of Grayscale, Michael Sonnenshein stated:
The trust formation does not mean Grayscale will launch these products. Grayscale is always looking for opportunities to offer products that meet investor demands. Occassionally, we will make reservation filings, though a filling does not mean we will bring a product to market"
Even though there is no official launch from Grayscale, there was a positive sentiment for the listed coins. Over the past 7 days, MANA is up 80%, BAT up 23%, LINK up 22%, and XTZ up 9%. The future could be bright for these crypto assets if Grayscale decides to officially launch trading options.