The new trust filings are tied to Polkadot (DOT), Aave (AAVE), Cosmos (ATOM), Monero (XMR), Cardano (ADA), and EOS.IO (EOS).
It is worth stating that the recent filings do not necessarily mean that the firm would launch these products. Instead, it is only laying the foundation for possible future launches. Commenting on an earlier filing, Grayscale’s CEO Michael Sonnenshein had said:
Meanwhile, the rationale behind Grayscale’s recent filings may not be unconnected with the performance of these projects. Aave, for instance, grew by over 480% in the last quarter of 2020. Cosmos, on the other hand, climbed from $1.5 to over $9, recording a growth of 489%. And Polkadot’s, multi-chain protocol has grown by 537% since its launch in August 2020.
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
