cryptocurrency Grayscale a major Bitcoin holder adds Ethereum trust to their portfolio

[Fasterthannothing]

Summary

Greyscale a major bitcoin holder has now entered into the realm of ethereum 

 

Quotes

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 “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Grayscale CEO Michael Sonnenshein. “Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward.”

 

The new trusts are now open for daily subscription by eligible individual and institutional accredited investors.

 

The trusts function the same as Grayscale’s other single-asset investment trusts. Each of the trusts are among the first investment products solely invested in the digital currencies underpinning Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).

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My thoughts

Ethereum will really begin to take off with such a major player stepping into the game. Also just to make sure this is on the up and up I do own BAT and MANA however this news story encompasses lots of other coins and will be a major catalyst for Ethereum adoption.

 

Sources

 https://finance.yahoo.com/grayscale-investments-launches-five-investment-130000906.html 

[Beskamir]

Ooh so that's why BAT and MANA went up so much lately.

[Fasterthannothing]

1 minute ago, Beskamir said:

Ooh so that's why BAT and MANA went up so much lately.

Yeah one of the reasons the other was Brave anounced they will be moving away from Google and their search engine and Decentraland (MANA) got a partnership with Atari