Grayscale Applies For 6 More Altcoins! Prices Rise


Institutional crypto fund giant Grayscale first filed for trusts for several new altcoins, including Yearn Finance and SushiSwap, less than a month after returning to decentralized finance (DeFi). Offering the biggest crypto asset trusts of the day for institutional investors, Grayscale is diving deep into the DeFi industry with more trust applications in addition to Aave and Polkadot it presented last month.

According to the Delaware company registry, several applications were filed on February 10, following six applications on January 27, Grayscale’s legal trustee for the state. In addition to the above mentioned Aave and Polkadot, the following cryptocurrencies were preferred: Uniswap (UNI), Cosmos (ATOM), Monero (XMR), and Cardano (ADA) were added to the trust files. Also, a Theta Network (THETA) trust was registered on February 1.

New applications include DeFi aggregator Yearn Finance (YFI), Uniswap clone SushiSwap (SUSHI), Compound Finance (COMP), crypto loan provider MakerDAO (MKR), synthetic asset platform Synthetix (SNX), and decentralized storage platform Blockstack (STX). Grayscale in late 2020; Chainlink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Tezos (XTZ), Filecoin (FIL), and Livepeer (LPT).

The number of assets under Grayscale’s management reached $ 36.8 billion. Since Grayscale filed for a trust for DeFi altcoins on January 29, the number of assets under control increased by +47 to $ 36.8 billion.


Please enter your comment!
Please enter your name here