Grayscale Will Allow Investment In Defi Assets Through Grade DeFi fund and Index

Michael Sonnenshein announced Grayscale launching a DeFi Fund and index that will allow institutional investors to invest in Defi based assets with large cap.

Grayscale is a giant fund manager company which allows Institutional investors to invest in Bitcoin, Ethereum, Cardano & many other cryptocurrency and non crypto assets with large caps. Now they are going to enter into Defi based assets.

Grayscale CEO Michael Sonnenshein talked about the launch of DeFi Fund and index, on Squawk Box.

Michael said that Grayscale is getting lots of demand from their existing investors to allow Defi assets Investment, so they are going to launch Defi Fund & Index. 

The fund will allow their Investors to invest in Defi protocols. This step of Grayscale will also give a big exposure to the Defi based projects like Uniswap & Aave.

Micheal also noted that this is their 15th Investment vehicle through which people can invest their money in different modes. 

Grayscale offers a number of assets to Invest and they are ready to make their firm at a much better level. Even in the present time they allow Institutional investors to invest in Bitcoin  through their GBTC & In Ethereum through Ethereum trust. But they are now planning to shift GBTC to a Bitcoin ETF, so that they can give a better result for their Investors. But they are now waiting for approval from the SEC.

Related: Grayscale Partners with banking giant BNY Mellon to plan Bitcoin ETF

Grayscale is one of the giant fund managers which is reporting their all operations to the SEC, so it has a better trust level in the finance market in crypto & non-crypto space.

Sonnenshein also talked about the Bitcoin ETF, he said that they will probably get approval for the Bitcoin ETF and really a matter of when, not a matter of if.”

So here Grayscale firm is almost sure that they will get approval of Bitcoin ETF surely, maybe it can take time but they will get.

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