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 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.
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.
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.
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might…
A few days ago, Banxa temporarily suspended Pi transactions, likely due to pending KYB (Know…
XRP is currently trading in a tight range and continues to struggle to break above…
XRP is one of the most talked-about cryptocurrencies, but few people understand how small its…
After months of sluggish price action and sideways consolidation, Dogecoin (DOGE) may finally be on…
Excitement brews in the crypto realm as speculation grows about a potential altcoin resurgence. Analysts…