Crypto asset manager Grayscale made a statement regarding 19 altcoins in its latest announcement.
Accordingly, Grayscale announced that it has relaunched private investments for eligible investors across 19 altcoin trusts, including XRP, Avalanche (AVAX), Filecoin (FIL), and Litecoin (LTC).
Both institutional and individual accredited investors can participate in the 19 altcoin trusts. These investors can participate in private investments based on net asset value (NAV) and sell these investments on the secondary market after a certain period of time.
According to Grayscale, accredited investors are individuals who earn more than $200,000 per year (or $300,000 per year in spousal equivalent).
According to the announcement, investors can invest in top and trending tokens including AAVE, Avalanche (AVAX), Basic Attention Token, Bitcoin Cash (BCH), Bittensor (TAO), Chainlink (LINK), Decentraland (MANA), Decentralized AI Fund, Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), MakerDAO, NEAR, Solana (SOL), Stacks (STX), Stellar (XLM), SUI, XRP, and Zcash (ZEC).
https://twitter.com/Grayscale/status/1861439891412058483
*This is not investment advice.
