June 21, 2021

Grayscale reopens crypto trusts for investment as Bitcoin price climbs

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Digital asset investment manager Grayscale has resumed accepting new investments into almost all of its cryptocurrency trusts. The investment manager had paused new inflows into six of its trusts in late December 2020, just as the six-month lock-up period for selling recently-purchased shares in its Bitcoin Trust, which trades under the ticker GBTC, was winding up.

As of the time of writing, products such as the Grayscale Bitcoin Trust and the Grayscale Digital Large Cap Fund Trust are all available for new investors, although the Grayscale Ethereum Trust remains unavailable. The Grayscale XRP Trust is inactive, and will likely remain so. In early January, the fund manager had liquidated its holdings of the asset shortly after news broke of a major lawsuit filed by the United States Securities and Exchange Commission against Ripple.

Screenshot of Grayscale trusts open for investment

Grayscale periodically halts and resumes new investor inflows into its funds; during these periods of closure, the funds remain open for private placement funds. As well as this, all investors in the Grayscale crypto trusts are subject to aTitle: Grayscale reopens crypto trusts for investment as Bitcoin price climbs
Sourced From: cointelegraph.com/news/grayscale-reopens-crypto-trusts-for-investment-as-bitcoin-price-climbs
Published Date: Tue, 12 Jan 2021 09:53:48 +0000