Popular asset manager Grayscale Investments has just applied for the creation of several new crypto trusts. Now, the largest fund in the crypto market has nine trusts, whose shares are backed by real digital assets.
In particular, according to the filed documentation, the company plans to launch trusts on ChainLink (LINK), Livepeer, Tezos, Filecoin (FIL) and Decentraland (MANA). The applications for the latter two assets were filed late last year. Another index fund backed by a basket of various cryptocurrencies might be created.
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At the moment, the launch date of these trusts is still unknown. It is worth noting Grayscale's funds recently lost more than $3.5B in a week.
At the same time, the BTC mutual fund created by investment giant Skybridge has added $70M in a week.