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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 27, 2024 09:35 UTC
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Grayscale’s 19 Crypto Trusts Reopen: Here’s What Investors Should Know
Grayscale has reopened private placements for over 19 cryptocurrency trusts.
These trusts are available to accredited investors and offer exposure to a diverse range of cryptocurrencies, including AI-focused tokens.
The recent bull run in the crypto market has fueled interest in these investments, but the market is still volatile.
Since the US election, the cryptocurrency market has experienced significant growth, and many believe this trend will continue at least until mid-2025. As the crypto community discusses how to make the most of this bull run, Grayscale, a major cryptocurrency asset management firm, has reopened private placements for over 19 of its crypto trusts.
These trusts offer exposure to leading cryptocurrencies like XRP, Solana (SOL), and Stellar (XLM). Here’s what investors need to know.
Grayscale’s Private Placements
Grayscale has opened private placements for over 19 of its cryptocurrency trusts, giving investors a chance to gain exposure to major digital assets like XRP, Solana (SOL), and Stellar (XLM). Subscriptions are available at net asset value (NAV), and investors can later sell their holdings in the secondary market after a specified holding period.
This move provides new opportunities for accredited investors looking to invest in these top cryptocurrencies.
What Is Private Placement?
Private placement refers to investment opportunities offered to a select group of people or institutions, rather than to the general public. Grayscale’s trusts are available only to accredited investors—those who meet specific financial criteria.
Who Qualifies as an Accredited Investor?
To invest in Grayscale’s trusts, individuals must meet the criteria for being an accredited investor. This includes people with an annual income of at least $200,000 ($300,000 with a spouse) or a net worth greater than $1 million, either individually or jointly with a spouse.
For entities, the requirement is $5 million in liquid assets.
In addition to the crypto trusts, Grayscale has opened private placements for a Decentralized AI Fund, focused on AI tokens such as NEAR, TAO, FIL, RENDER, and GRT.
Crypto Market Overview
The overall cryptocurrency market has dropped by 1.1% in the last 24 hours. However, some major tokens have experienced slight growth. Bitcoin (BTC) increased by 0.4%, Ethereum (ETH) rose by 1.4%, and Solana (SOL) grew by 0.5%. XRP saw a 2.6% rise, Dogecoin (DOGE) grew by 1.7%, and Cardano (ADA) gained 4.8%. Stellar (XLM) showed an impressive 8.5% growth during the same period.
Meanwhile, the AI coin market surged by 3.0%, while the metaverse sector saw a 1.9% decline.
Staying ahead of the curve with trusted investment vehicles like Grayscale’s funds could be key to securing long-term gains.
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