Grayscale Investments, world's leading crypto trust manager and founder of GBTC, appears to be gearing up to launch new single-asset trusts for as many as 6 cryptocurrencies.
According to the Delaware corporations registry, a registration for the Filecoin Trust was made on October 15, 2020 well as new trusts for five digital assets on December 18, 2020 including ChainLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Tezos (XTZ). The filings were made by Delaware Trust Company which is listed as Grayscale's "statutory trustee" for the U.S. state as shown in Grayscale documentation.
Grayscale's CEO Michael Sonnenshein commented on the trust registrations:
"Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors," the company told CoinDesk via email.
The six new filings could hint at which crypto trusts are likely to be launched next as Grayscale looks to expand its trust product line and grow its AUM which has soared over the past few years alongside the increase in crypto popularity. Grayscale is the largest crypto asset manager in the world with over $25 billion worth of assets across its crypto trusts. Its Bitcoin product, GBTC, encompasses the majority of the total AUM at over $21 billion.
