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Grayscale Once More Accepting New Clients for Most Crypto Trusts

Grayscale's ether and XRP trusts are still closed to new investors.

Updated Sep 14, 2021, 10:54 a.m. Published Jan 12, 2021, 1:27 p.m.

Digital asset manager Grayscale Investments has re-opened a number of its cryptocurrency products to new investors after they were closed last month.

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Trusts for bitcoin, bitcoin cash, ethereum classic, litecoin and the Digital Large Cap Fund are now again accepting clients, according to its website but the Grayscale Ethereum Trust is not.
On Dec. 21, the cryptocurrency asset manager's website said the six products were “unavailable" to new investors.
While no explanation was given, the move was not unusual: Grayscale periodically closes off its crypto trusts to investors.
At press time, the XRP Trust is also closed.
On Jan. 5, Grayscale announced the removal of XRP from its Digital Large Cap Fund after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple, alleging it had conducted an unregistered sale of securities with the XRP token.
Data tweeted by Grayscale on Monday showed assets under management were at $24.5 billion, with the Grayscale Bitcoin Trust making up the lion's share with $20.6 billion.
New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

investment Grayscale Investments

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.