The Grayscale Bitcoin Trust (GBTC) on Monday announced the addition of five new tokens to its investment products. The new tokens have begun trading in the markets, taking Grayscale’s total number of products offered to 14 now.
The new token additions are Grayscale Basic Attention Token Trust (GBAT), Grayscale Chainlink Trust (GLNK), Grayscale Decentraland Trust (MANA), Grayscale Filecoin Trust (FILG) and Grayscale Livepeer Trust (GLIV). The digital currency asset manager offer investors comprehensive exposure to the cryptocurrency market.
Grayscale’s Leadership In Crypto
The token addition comes at a time when the cryptocurrency market witnessed massive hit. In the space of one week, Terra’s UST crash resulted in a wider market damage. While making the announcement on Monday, Grayscale asserted its leadership in the space saying:
“Sometimes leadership means moving against the tide. With our current and future offerings, we hope to offer discerning investors the tools to build a diversified digital asset portfolio.”
ETF Conversion Goal
Craig Salm, Grayscale’s chief legal officer, said,
