U.S. Markets closed
  • S&P 500

    3,768.25
    -27.29 (-0.72%)
     
  • Dow 30

    30,814.26
    -177.24 (-0.57%)
     
  • Nasdaq

    12,998.50
    -114.10 (-0.87%)
     
  • Russell 2000

    2,123.20
    -32.15 (-1.49%)
     
  • Crude Oil

    52.04
    -1.53 (-2.86%)
     
  • Gold

    1,827.70
    -23.70 (-1.28%)
     
  • Silver

    24.83
    -0.97 (-3.77%)
     
  • EUR/USD

    1.2085
    -0.0079 (-0.6526%)
     
  • 10-Yr Bond

    1.0970
    -0.0320 (-2.83%)
     
  • Vix

    24.34
    +1.09 (+4.69%)
     
  • GBP/USD

    1.3583
    -0.0057 (-0.4143%)
     
  • USD/JPY

    103.8000
    -0.0420 (-0.0404%)
     
  • BTC-USD

    35,082.33
    +81.67 (+0.23%)
     
  • CMC Crypto 200

    701.93
    -33.21 (-4.52%)
     
  • FTSE 100

    6,735.71
    -66.25 (-0.97%)
     
  • Nikkei 225

    28,519.18
    -179.12 (-0.62%)
     

Grayscale Once More Accepting New Clients for Most Crypto Trusts

Tanzeel Akhtar
·1 min read

Digital asset manager Grayscale Investments has re-opened a number of its cryptocurrency products to new investors after they were closed last month.

  • Trusts for bitcoin, bitcoin cash, ethereum classic, litecoin and the Digital Large Cap Fund are now again accepting clients, according to its website but the Grayscale Ethereum Trust is not.

  • On Dec. 21, the cryptocurrency asset manager’s website said the six products were “unavailable” to new investors.

  • While no explanation was given, the move was not unusual: Grayscale periodically closes off its crypto trusts to investors.

  • At press time, the XRP Trust is also closed.

  • On Jan. 5, Grayscale announced the removal of XRP from its Digital Large Cap Fund after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple, alleging it had conducted an unregistered sale of securities with the XRP token.

  • Data tweeted by Grayscale on Monday showed assets under management were at $24.5 billion, with the Grayscale Bitcoin Trust making up the lion’s share with $20.6 billion.

  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

Read more: Grayscale Temporarily Stops Accepting New Clients in Six Crypto Trusts

Related Stories