Wall of Money Coming to Alt Coins? Greyscale May be Signaling Moves into LINK, BAT, XTZ & Others
Wall of Money

Wall of Money Coming to Alt Coins? Greyscale May be Signaling Moves into LINK, BAT, XTZ & Others


In separate articles released by Cointelegraph and Coindesk, there are rumors that Grayscale may be taking the first steps to offer a vehicle for the big money to invest in a handful of alt-coins. 

Some sleuths going through the filings of the State of Delaware’s Division of Corporations' records found registrations for five yet to be announced trust's with Grayscale's name on them. They are:

  • GRAYSCALE BASIC ATTENTION TOKEN TRUST (BAT)
  • GRAYSCALE CHAINLINK TRUST (LINK)
  • GRAYSCALE DECENTRALAND TRUST (MANA)
  • GRAYSCALE LIVEPEER TRUST (LPT)
  • GRAYSCALE TEZOS TRUST (XTZ)

Here's a screenshot from the State of Delaware's website:

Grayscale Delaware Filings

The filings were on December 18, 2020 but it seems they were just noticed. There's some others in there too, although not necessarily all related to this. It would seem that since the big money is finding its way to bitcoin, there's appetite growing for the alt-coin market. If this is the case, large sums of money would be coming to these markets, although the alt-coin world can make bitcoin's volatility look like a casual summer stroll. So keep an eye on Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Livepeer (LPT) & Tezos (XTZ).

As of writing, BAT is up 28.4% on today, with XTZ following suit at a 17.6% climb and LINK up 15.7%

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