In just four days, Grayscale increased its total assets under management by at least $3 billion, adding five new token trusts such as the Chainlink (LINK) and Basic Attention Token (BAT).
With this move, Grayscale now has assets under management worth more than $44.1 billion.
Grayscale has expanded its product offerings to include five new tokens: Chainlink (LINK), Basic Attention Token (BAT), MANA (Decentraland), Filecoin (FIL), and Livepeer (LPT). These are available to certified investors.
Announcing the news, Michael Sonnenshein, CEO of Grayscale, also referred to the massive influx of new certified investors and clients looking for more and more available investment options. However, for now, the Grayscale Bitcoin Trust (GBTC) is trading at a price slightly lower than that of bitcoin.
As the value of Grayscale digital assets under management increases, so does the company’s list of ETF creation and management jobs as the company plans, like many others, to offer this investment option to the public.
As we have written, all applications for approval by the US Securities and Exchange Commission (SEC) for the issuance of negotiable bitcoin mutual funds have so far been rejected. But the momentum is such that investment companies continue to apply for ETFs. Sooner or later the proposals will incorporate specifications that will be difficult for the SEC to reject.