Crypto asset manager Grayscale has incorporated six more trusts, including those tied to Polkadot (DOT) and Aave (AAVE) tokens.
The other four trusts include Monero (XMR), Cardano (ADA), Cosmos (ATOM), and EOS.IO (EOS). All the six trusts were formed Wednesday by Delaware Trust Company, Grayscale’s "statutory trustee."
The new trust formations come a week after The Block reported that Grayscale has incorporated six more trusts in recent months, including those tied to Chainlink (LINK) and Tezos (XTZ) tokens.
At the time, Grayscale CEO Michael Sonnenshein told The Block that trust formations do not mean the firm will launch these products.
"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," Sonnenshein said at the time.
Grayscale is the largest crypto asset manager in the world. It manages more than $24 billion worth of assets across its products. Its bitcoin product, however, boasts the lion’s share of the total AUM at more than $20 billion.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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