Grayscale a crypto asset manager, has integrated six more reputable trusts, together with those tied to Aave (AAVE) and Polkadot (DOT) coins. Among the other four are Cardano (ADA), EOS.IO (EOS), Monero (XMR), and Cosmos (ATOM).

Delaware Trust Company, Grayscale’s “statutory trustee”, founded all the six Grayscale incorporated trusts on Wednesday. These developments are happening a week after announced the Grayscale incorporation of six other trusts in the previous months. The initials were among those joined to Chainlink (LINK) and Tezos (XTZ) coins.

Grayscale may or may not unveil trust products

At that moment, Michael Sonnenshein, Grayscale CEO, reported to the Block that it does not automatically mean the company will unveil these products in incorporating with trusts.

Sonnenshein, at the time, said that Grayscale is always on the look for openings to provide products that reach investors’ expectations. He further said that they would be making arrangement filings; however, it does not mean they will launch it in the market. Grayscale has and will not cease announcing new products that might interest investors, as the CEO said.

Leading in the market

Currently, Grayscale holds the top position being the largest crypto asset manager globally.  The firm manages crypto valued at more than $2.4 billion in all of its products. The bitcoin product is of the biggest in its books, with a value of $20 billion of the overall AUM.

Through Grayscale’s trusts, investors have had a broader exposure to crypto without necessarily having to trade them. The trust’s premiums it has also created openings for appealing arbitrage plays.

Coinshares, a digital asset manager, is utilized in the US to offer the same services as Grayscale. 3iQ and Ninepoint Partners have unveiled crypto funds in Canada. The US has failed to develop an actual Bitcoin ETF, with many attempts going down the drain. Firms like Gemini, Bitwise Asset Management, and VanEck have had the SEC push back their applications.