Claim BonusGrayscale 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%.
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