Grayscale applied to register five trusts
Among them are the DeFi token Aave, as well as Polkadot and Cosmos.
Assets under management reached $ 25 billion – 80% falls on the share of bitcoin trust
International consortium of news organizations developing transparency standards.
Renowned crypto fund Grayscale Investments has applied to create five more trusts to manage new cryptoassets, including DeFi assets
Grayscale Investments, the largest crypto fund for institutional investors, continues to explore the crypto space. The company does not want to be limited to such well-known currencies as Bitcoin or Ethereum. As it became known, she plans to create new trusts that will help her delve into the decentralized finance (DeFi) segment..
Grayscale has filed five new digital asset management trusts with the local regulator, according to the Delaware corporate registry. Two of them – the Aave and Polkadot projects – are directly related to the DeFi segment Decentralized finance (DeFi) is financial services built on the blockchain technology that offer users access to an open, efficient and … More. Applications were registered on January 27.
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This fact alone does not mean that Grayscale will launch these trusts in the near future. However, he demonstrates the investment giant’s high interest in the DeFi industry and its confidence that the industry can generate good returns..
Source: Delaware corporate registry
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DeFi-trusts are coming
Three of the five trusts in the filing – Aave, Polkadot, and Cosmos – are DeFi-related in some way. So, Aave is itself the second largest DeFi lending platform. At the moment, the total size of assets blocked on it is about $ 3.9 billion, according to data from DeFi Pulse..
Polkadot is a blockchain project, conceived as an “Ethereum killer”, built on the principle of creating parallel chains (so-called parachains) and bridges that allow communication between different blockchains. Cosmos is a decentralized ecosystem of independent blockchains designed to create the next generation of the internet.
The two remaining trusts are announced for the privacy-focused coin Monero and the platform for decentralized applications (dApps) Cardano.
Grayscale manages assets for $ 25 billion
As a reminder, Grayscale recently registered trusts for Chainlink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Tezos (XTZ), Filecoin (FIL) and Livepeer. At the same time, the company decided to completely get rid of the XRP trust due to litigation between Ripple and the exchange regulator.
Despite such a variety of interests, in general, among crypto assets, Grayscale is still confidently leading Bitcoin. Its share in the total mass of assets under the management of the company is about 80% or $ 20.4 billion. In second place is the Ethereum trust (15% or $ 3.8 billion). Smaller crypto trusts include Litecoin, Bitcoin Cash, Stellar Lumens, Ethereum Classic, and Zcash.
According to a fresh tweet from Grayscale, the current total assets under its management are $ 25 billion..
01/28/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $ 25.0 billion $ BTC $ BCH $ ETH $ ETC $ ZEN $ LTC $ XLM $ ZEC pic.twitter.com/YwpvespKXe
– Grayscale (@Grayscale) January 28, 2021
The company is well known in the crypto market for its unrelenting interest in digital assets and the constant replenishment of cryptocurrency reserves. Her last purchase was the acquisition of 890 bitcoins on January 28, and on January 18, Grayscale made a record-breaking 16,244 BTC purchase..
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