• Thu, 14 Nov 2019, 11:41 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Grayscale launches investment trust for Stellar Lumens

Fri, 18 Jan 2019, 03:46 am UTC

Crypto asset management firm Grayscale Investments has announced the launch of Grayscale Stellar Lumens Trust, a single currency investment vehicle solely comprised of Stellar Lumens (XLM).

Grayscale Stellar Lumens Trust is the ninth single-asset investment product introduced by the company.

Stellar is a cross-border payments platform for exchanging money using blockchain technology and a native digital asset, Lumens (XLM). XLM is currently the sixth most valuable cryptocurrency in terms of market capitalization.

“Grayscale Stellar Lumens Trust’s shares are the first securities solely invested in and deriving value from the price of XLM,” the website states. “Grayscale Stellar Lumens Trust enables investors to gain exposure to the price movement of XLM through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping XLM."

Grayscale provides investors access to the digital currency asset class through its family of investment products. It sponsors single-asset investment products that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), XRP, Zcash (ZEC), ZEN, and now Stellar Lumens (XLM).

In addition to the launch of the Grayscale Stellar Lumens Trust, Grayscale announced changes to the names of its single-asset products, which will now be known as:

Grayscale Bitcoin Trust
Grayscale Bitcoin Cash Trust
Grayscale Ethereum Trust
Grayscale Ethereum Classic Trust
Grayscale Horizen Trust
Grayscale Litecoin Trust
Grayscale Stellar Lumens Trust
Grayscale XRP Trust
Grayscale Zcash Trust

Bitcoin Investment Trust and Ethereum Classic Investment Trust are publicly-quoted and available to all individual and institutional investors on the OTCQX Best Market. Grayscale also sponsors Digital Large Cap Fund, a diversified investment product that provides exposure to the top digital currencies by market cap.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,725.15 (-0.94%)
  • Ethereum (ETH) $186.41 (-0.96%)
  • XRP (XRP) $0.270500 (-0.94%)
  • Bitcoin Cash (BCH) $280.17 (-1.91%)
  • Litecoin (LTC) $59.63 (-2.37%)
  • Bitcoin (BTC) $8,725.15 (-0.94%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft