Grayscale incorporates six new cryptocurrency funds, including Monero, Cardano, EOS and Polkadot – DiarioBitcoin

For Andres David Martinez @ Andres_M14

Cryptocurrency asset manager Grayscale added six new funds with the projects Monero, Aave, Cardano, Cosmos, Polkadot and EOS.

***

Listen to this article on YouTube

The cryptographic asset manager Grayscale has incorporated six new crypto funds, including those linked to tokens Polkadot y Aave.

The other four funds include Monero, Cardano, Cosmos and EOS. The six trusts were formed Wednesday by Delaware Trust Company, the “legal trustee” of Grayscale.

The new funds are created a week after it became known that Grayscale incorporated six more trusts in recent months, including those tied to tokens of Chainlink y Tezos.

At that time, the CEO of Grayscale, Michael Sonnenshein, said that the creation of a fund does not mean that the company will launch these products.

“Grayscale is always looking for opportunities to offer products that meet investor demands. From time to time, we will do reserve presentations, although a presentation does not mean that we will bring a product to market. Grayscale has announced and will continue to announce when new products are available. to investors “Sonnenshein said at the time.

The decision of Grayscale of expanding its cryptocurrency horizons could have been driven by the price performance of the five currencies in question over the course of the past year.

Return on assets in 2020

Aave registered a growth of 483% in the last quarter of the previous year, rising to position 15 by market capitalization. The project was a precursor to the decentralized financing phase in 2020, focusing on different types of loans.

Cosmos posted a similar 489% growth as the value of its ATOM coin rose from the $ 1.50 range to over $ 9. The project is now ranked 25th by market capitalization.

PolkadotMeanwhile, it posted a 537% growth between launch in August 2020 and time of writing. The project, which describes itself as a decentralized, interoperable, multi-chain protocol, aims to provide a blockchain infrastructure and seeks to compete with Ethereum as a home for blockchain developers.

Currency also gained 467% over the course of the calendar year, while Cardano benefited from the launch of its much anticipated mainnet Shelley, having gained 187% since then.

The value of the assets of Grayscale under management skyrocketed throughout 2020, reaching more than $ 25 billion, according to the latest figures released by the company. With this it boasts of being the largest asset manager in the world.

Recommended reading

Sources: TheBlock, Cointelegraph

Version by Andrés Martínez /Daily bitcoin

Grayscale Facebook Image

We want to thank the writer of this post for this outstanding material

Grayscale incorporates six new cryptocurrency funds, including Monero, Cardano, EOS and Polkadot – DiarioBitcoin

Dispensary Business News