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Grayscale Reveals New Bitcoin and Crypto Infrastructure Investment Product

There are all kinds of exciting moves that are taking place in the crypto space these days. Check out the latest relevant one below.

Grayscale reveals exciting move

According to the latest reports, the crypto asset management giant Grayscale is rolling out a new investment product that is focusing on Bitcoin (BTC) mining.

According to a new press release, the company now offers private investment in Bitcoin mining hardware through the Grayscale Digital Infrastructure Opportunities LLC (GDIO).

Grayscale chief executive Michael Sonnenshein stated the following:

“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles.”

He continued and said this:

“Our team has long been committed to lowering the barrier for investing in the crypto ecosystem – from direct digital asset exposure, to diversified thematic products, and now infrastructure through GDIO.”

Grayscale bills the product as “designed to capture the upside of crypto winter.”

It’s also been revealed that the investment’s operations will be managed by the company’s affiliated digital asset mining and staking infrastructure firm, Foundry.

Grayscale in the news

Not too long ago, back in June, we revealed that Grayscale Investments LLC has strengthened its legal team with the addition of Donald B. Verrilli Jr. as the digital asset firm continues its mission to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (Grayscale’s parent company Digital Currency Group is also the owner of CoinDesk, which is run as an independent subsidiary).

According to the same online publication, Verrilli’s career includes previously serving as a solicitor general for the U.S. from 2011-2016 under the Obama administration.

It’s worth noting that the firm initially applied for the conversion in October 2021.

“It’s paramount that Grayscale has the strongest legal minds working on our application to convert GBTC to an ETF, and we are thrilled that Verrilli will join our outstanding legal team,” a Grayscale spokesperson said.

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