Grayscale May Have Laid Groundwork for 5 More Potential Crypto Trusts

The world's largest digital asset manager, Grayscale Investments, looks to be preparing for possible launches of new single-asset trusts for a number of cryptocurrencies.

• Trusts for five digital assets were filed with Delaware's corporations registry on Dec. 18, 2020: chainlink, basic attention token, decentraland, livepeer and tezos.
• The filings were not made by Grayscale itself but by Delaware Trust Company, which is listed as the firm's "statutory trustee" for the U.S. state in Grayscale documentationhttps://grayscale.co/wp-content/uploads/2019/10/GBTC-Fact-Sheet-October-2019.pdf.
• "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.
• As such, the filings could offer a hint of which crypto trusts are likely to be launched down the road.
• A registration for the Filecoin Trust was also made on Oct. 15, 2020.
• New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

See also: Grayscale Investments Begins Dissolution of XRP Trust Citing Ripple SEC Suit