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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

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