Grayscale Sparks Support Rumours For Cardano (ADA)

It’s been just revealed by the latest reports that the digital asset managed Grayscale is sparking some discussions in the crypto space following the recent move to register a long list of altcoins trusts.

It also seems that GHrayscale could be gearing up to support a new batch of altcoins after the largest crypto asset management in the world, Grayscale filed new trusts in the Delaware corporate registry.

As the online publication the Daily Hodl reveals, new names added to Grayscale’s growing list of crypto trusts include:

Grayscale Aave Trust (AAVE)
Grayscale Cardano Trust (ADA)
Grayscale Cosmos Trust (ATOM)
Grayscale EOS Trust (EOS)
Grayscale Monero Trust (XMR)
Grayscale Uniswap Trust (UNI)
Grayscale Polkadot Trust (DOT)

The same online publication mentioned above notes that over the last few months, Grayscale has grabbed headlines for purchasing huge quantities of BTC on behalf of its investors.

“Last year, the Grayscale Bitcoin Trust grew from $1.8 billion to $17.5 billion in assets under management. In Q4 of 2020, weekly investments in the Grayscale Bitcoin Trust averaged out to $217 million per week,” according to the latest reports coming from the online publication mentioned above.

Cardano in the news

Cardano has been making headlines a lot these days due to all kinds of achievements that the team has been making.

Cardano is in the spotlight again after the team behind the project reported an important achievement. Check out the post that they shared on Twitter.

Regarding the price of ADA today, at the moment of writing this article, ADA is trading in the green, and the coin  is priced at $0.3526.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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