CORRECTION: Grayscale Didn't File to Register Trust for Nahmi Token; Possible Pump Attempt

Grayscale Investments DID NOT FILE to register a new trust for Microsoft-partnered Ethereum scaling project Nahmi, a spokeswoman for the world’s largest digital asset manager said.

• The filing with the State of Delaware indicated that a company named "Grayscale" had filed for a trust in a way that was identical to how Grayscale Investments had done for multiple other trusts.
• "We did not make that filing," the spokeswoman said.
• As such, the filing may have been an attempt to pump the price of the project's native token NII.
• According to CoinGecko, the price of NII has more than doubled in the last 24 hours to $0.01, with a 24-hour trading volume of $20.2 million.
• It appears at least one other trust filing with the name "Grayscale" may also be fraudulent.
• Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
• A call is being placed with the State of Delaware.
• CoinDesk regrets any confusion caused by the previous report.

See also: Grayscale Says It’s ‘100% Committed to Converting GBTC Into an ETF’

CORRECTION: Grayscale did not register a trust related to the Nahmii token. Article and headline have been updated.