The post Grayscale Expands Offerings: XRP, SOL, and AI Token Trusts Now Open for Investment appeared first on Coinpedia Fintech News
Since the US election, the crypto market has experienced massive growth. Many believe that this trend will continue at least till the mid-2025. As the crypto community discusses the possibilities of making the best use of this latest bull run, cryptocurrency asset management giant Grayscale has reopened private placements for over 19 crypto trusts. These trusts offer exposure to several top tokens including XRP, SOL, and XLM. Here is what you should know.
Grayscale Reopens Private Placement Subscriptions
Reports suggest that Grayscale has reopened private placements for over 19 cryptocurrency trusts. Notably, these trusts offer exposure to top cryptos like XRP, Solana, Steller. Importantly, subscriptions are available at net asset value, allowing investors to sell holdings in the secondary market after a specified holding period.
Private placement is when investments are offered to a specific group of people or institutions.
Grayscale allows only accredited investors to invest in their cryptocurrency trusts.
Grayscale Eligibility Criteria for Accredited Investors
Investors must meet specific eligibility criteria to qualify as accredited investors. As per the criteria, an accredited investor is someone whose individual income is at least $200,000 annually ($300,000 with a spouse) and who holds a net worth above $1 million (alone or with a spouse). Meanwhile, entities must have at least $5 million in liquid assets.
Grayscale’s Decentralised AI Fund
Apart from the funds offering exposure to top cryptos like XRP, SOL, and XLM, Grayscale has also opened private placement for a Decentralised AI Fund, focusing on AI-tokens like NEAR, TAO, FIL, RENDER and GRT.
Crypto Market Overview
The entire crypto market has seen a drop of 1.1% in the last 24-hours. During the period, some top tokens, including Bitcoin, Ethereum, Solana, XRP, Dogecoin, and Cardano, have experienced slight growth. BTC has grown by 0.4%, ETH by 1.4%, SOL by 0.5%, XRP by 2.6%, Dogecoin by 1.7%, and Cardano by 4.8%. Meanwhile, Stellar has recorded an impressive growth of 8.5% during the same period.
Moreover, the AI coins market has recorded a notable surge of 3.0%. However, the metaverse market has dropped by 1.9%.
In conclusion, Grayscale’s reopened trusts provide accredited investors with new opportunities in crypto.