Grayscale Investments has reopened personal placement in its 19 trusts together with XRP, Solana (SOL), and Stellar (XLM) for eligible traders. Institutional and particular person accredited traders could subscribe to non-public placements at internet asset worth (NAV), enabling them to carry for a selected interval and promote them on the secondary market.
In an official announcement on November 26, Grayscale Investments announced the reopening of personal placement subscriptions at internet asset worth (NAV). These can be found for accredited traders solely.
As per Grayscale, accredited traders imply those that earn greater than $200,000 a 12 months (or $300,000 per 12 months with a partner or spousal equal). They should have a internet value of greater than $1 million, both alone or along with a partner or spousal equal. Entities should have $5 million in liquid belongings.
Traders can put money into belief for prime and trending tokens together with Ripple’s XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), AAVE, Chainlink (LINK), Filecoin (FIL), NEAR, Bittensor (TAO) and Zcash (ZEC). Different tokens embody Primary Consideration Token (BAT), Bitcoin Money (BCH), Litecoin (LTC), SUI, Stacks (STX), Maker (MKR), and Livepeer (LPT), and Decentraland (MANA).
Grayscale additionally listed Decentralized AI Fund among the many trusts for personal placement subscriptions. The fund consists of NEAR, TAO, FIL, RENDER and GRT tokens.
The current selloff in Bitcoin price has additionally triggered promoting in XRP, Solana (SOL), and Stellar (XLM). XRP price fell over 10% to hit a 24-hour low of $1.3.
Whereas, SOL worth retraced 5% to $229 and XLM fell almost 15%, with the value at present buying and selling at $0.4316.
Varinder Singh
Varinder has over 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those progressive future applied sciences. He’s at present main the information group to cowl newest updates and developments within the crypto trade.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
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