Livepeer Token Surges After Grayscale Investment Announced Creation of Trust ...
Following the announcement by Grayscale Investments that it will be offering a trust that invests in Livepeer’s LPT, the token surged from just over $6 on March 17, 2021, to an all-time high (ATH) of $32.35 on March 21. LPT’s Four Day Surge The token’s four-day rally briefly saw its market capitalization rising to over $630 million up from just under $120 million. However, at the time of writing, LPT had retreated to $21 and the token’s market capitalization had similarly dropped to approximately $400 million. In addition to the LPT trust, Grayscale Investments....
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According to a press release, Grayscale Investments has added 5 new products to its Trusts offer. Expanding it to 14, Grayscale will have a Basic Attention Token, Chainlink, Decentraland, Filecoin, and Livepeer Trust. Grayscale is one of the most important crypto investment firm. Eligible investors can now subscribe to the new trusts, they will operate […]
Livepeer price quickly rallied to a new all-time high shortly after Grayscale Investments revealed a new product offering. Every bull market is marked by a particular trend which which catalyzes and sustains the uptrend in asset prices. In late 2020 Ether (ETH) led the way as the network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into the Eth2 launch. As further signs of institutional money entering the cryptocurrency sector increase, the ‘Grayscale bump’ has emerged as the newest 'trend'....
Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed. According to the State of Delaware’s Division of Corporations, someone set up a Grayscale Chainlink Trust on December 18, 2020. On the same day, a Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also initiated. Before these communities get too excited,....
Grayscale Investments has launched five new cryptocurrency investment products, which are now available for subscription by eligible individual and institutional accredited investors. The company now offers a total of 14 crypto investment products. The new products are the Basic Attention Token (BAT) Trust, the Chainlink (LINK) Trust, the Decentraland (MANA) Trust, the Filecoin (FIL) Trust, and the Livepeer (LPT) Trust. They function the same as Grayscale’s other single-asset investment trusts, the company announced Wednesday. Grayscale’s other single-asset investment....
Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced Wednesday that it is commencing the “dissolution of Grayscale XRP Trust.” The company detailed that on Dec. 22, the U.S. Securities and Exchange Commission (SEC) decided “to file a federal court....