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Grayscale Pauses Investments Into Bitcoin And Ethereum Trusts, Among Others

Emily Mason

Summary: Grayscale has temporarily stops investments into six of its trusts including its Bitcoin and Ethereum Trusts, as reported by DeCrypt. Investment management firm Grayscale no longer accepts investments in trusts tracking the performance of Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, and its Digital Large Cap Fund. Individuals can still invest in XRP, XLM and ZEC. ...

Grayscale has temporarily stops investments into six of its trusts including its Bitcoin and Ethereum Trusts, as reported by DeCrypt.

Investment management firm Grayscale no longer accepts investments in trusts tracking the performance of Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, and its Digital Large Cap Fund. Individuals can still invest in XRP, XLM and ZEC.

The stop on these trust investments went into place as the six-month lock-up period for selling recently-purchased shares of the Bitcoin fund end. Grayscale has purchased more than 161,000 Bitcoin since June 2020 and has paused investments in the past when lock-ups were expiring, so this likely does not signal a strategy shift for Grayscale.

By Emily Mason    

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