Grayscale Investments has re-opened the ability for new clients to invest in its various cryptocurrency trusts after temporarily suspending new sign ups in December 2020.
As The Daily Chain reported late last year, the firm had halted sign ups for six of its cryptocurrency trusts. This included its Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin and Digital Large Cap Fund trusts.
The company had indicated that the public window for investors had closed at the end of the year in order for ‘private placement’ rounds to take place. Existing clients of Grayscale were unaffected by the move.
Reports at the time also noted that the six month lock-up period for shares in the Bitcoin Trust that were bought in June 2020 had ended which played a role in the firm’s temporary halt on new investment signups.
8 of 10 product available once again
As the Grayscale Investments product page shows, eight of its ten cryptocurrency trusts are accessible once again to accredited investors. The Ethereum Trust is still listed as currently unavailable.
The Grayscale XRP Trust is also listed as unavailable, following the firms decision to liquidate all of its XRP holdings after the launch of an ongoing lawsuit by the US Securities and Exchange Commission against Ripple for what it alleges is an unregistered securities offering through the sale of XRP tokens for the past few years.
Grayscale announced its XRP liquidation in early January 2020 and used the proceeds to increase its holdings of : Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Totals assets over $24bln
Grayscale Investments became an SEC reporting company last year which requires it to release quarterly updates of its portfolio performance. The firm also frequently publishes updates of its assets under management (AUM) through its social media channels.
The latest update from Grayscale, released on January 11, indicated that its total AUM is now up to $24.5 bln. The BTC Trust still accounts for the lion’s share of that value, with its total holding worth $20.6 bln.