What Does Grayscale Trust Mean (Grayscale Trust List EOS)
What does Grayscale Trust mean? According to Cryptoglobe, Grayscale Trust is a
What does Grayscale Trust mean? According to Cryptoglobe, Grayscale Trust is a trust fund that investors can acquire by holding certain cryptocurrencies. It is known as GBTC, ETHE, and DTCC. These portfolios reportedly include Bitcoin, Ethereum, and LTC, among others. According to CoinDesk data, on April 1, 2019, GBTC’s trading price was $29 per share; by the end of June 2019, this number reached nearly $30,000.
So, what does Grayscale Trust mean? Grayscale manages investment funds for multiple companies. Now, what is Grayscale? Essentially, it is an investment tool issued by a publicly listed company. When a company wants to purchase some products, they invest in companies capable of selling them. If the company is unwilling to sell its shares to avoid risks, it cannot convert them into anything else.
Grayscale Trust List EOS
According to an official announcement by Grayscale, their digital currency investment trust funds have received applications for 11 trusts, including EOS. Among them, Grayscale’s eosTrust is currently the highest-valued digital currency fund with assets under management reaching $1.2 billion. It is one of the world’s largest digital currency fund management companies and ranks seventh in the crypto industry, with over 1.5 million tradable investment securities.
It is reported that Grayscale has previously included EOS in its trust list while also launching various blockchain-related services.
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