Buy $GGsGrayscale Opens Private Placements in XRP, SOL, XLM and 15 Other Trusts
Highlights
- Grayscale Investments has reopened private placement for eligible investors in its 19 trusts.
- These include XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), AAVE, Chainlink (LINK), Filecoin (FIL), and NEAR.
- Grayscale also listed Decentralized AI Fund among the trusts for private placement subscriptions.
Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.
In an official announcement on November 26, Grayscale Investments revealed the reopening of private placement subscriptions at net asset value (NAV). These are available for accredited investors only.
As per Grayscale, accredited investors mean those who earn more than $200,000 a year (or $300,000 per year with a spouse or spousal equivalent). They must have a net worth of more than $1 million, either alone or together with a spouse or spousal equivalent. Entities must have $5 million in liquid assets.
Investors can invest in trust for top and trending tokens including Ripple’s XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), AAVE, Chainlink (LINK), Filecoin (FIL), NEAR, Bittensor (TAO) and Zcash (ZEC). Other tokens include Basic Attention Token (BAT), Bitcoin Cash (BCH), Litecoin (LTC), SUI, Stacks (STX), Maker (MKR), and Livepeer (LPT), and Decentraland (MANA).
Grayscale also listed Decentralized AI Fund among the trusts for private placement subscriptions. The fund consists of NEAR, TAO, FIL, RENDER and GRT tokens.
The recent selloff in Bitcoin price has also triggered selling in XRP, Solana (SOL), and Stellar (XLM). However, XRP price rebounded over 6% to $1.45. XLM also recovered 11%, with the price currently trading at $0.48.
Meanwhile, SOL price jumped 3% in the last few hours, with the price currently trading at 233.68. The 24-hour low and high are $224 and $237, respectively. However, trading volume fell further by 28%.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. PPI Inflation Rises To 2.9%, BTC Price Falls
- XRP News: Ripple-Backed Ctrl Alt Completes $280M in Diamond Tokenization on XRPL
- Bitwise CIO Calls Bitcoin Selloff ‘Classic Cycle,’ Dismisses Manipulation Rumors
- Cardone Capital Takes Real Estate On-Chain With $5B Tokenization Plan
- Senator Elizabeth Warren Targets Trump-Affiliated World Liberty Financial Over Bank Charter Bid
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
- Will Solana Price Rally to $100 If Bitcoin Reclaims $72K?
- XRP Price Eye $2 Rebound as On-Chain Data Signals Massive Whale Accumulation
