By Solomon Odunayo
The world’s largest crypto asset manager, Grayscale Investments, has reportedly filed new trusts for Cardano (ADA), Monero (XMR), Polkadot (DOT), Aave, and Cosmos (ATOM)
According to the report, the trusts were filed at the Delaware Trust Company, Grayscale’s statutory trustee.
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As expected, each crypto community included is excited and bullish over the news. Howbeit, according to the CEO of Grayscale Investments, Michael Sonnenshein, the trust filing does not necessarily imply that Grayscale will launch these products now.
He added that filings relate to preparation for possible trust launches. But that in itself does not make it certain for a future launch.
Sonnenshein noted:
“Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors.”
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Grayscale is the largest crypto asset manager in the world. It currently manages $24.5 billion worth of assets across its products. However, its Bitcoin (BTC) product boasts the lion’s share of the total assets under management (AUM) at over $21 billion.
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