Grayscale Reopens Private Placements for XRP, SOL, XLM, and Other Altcoin Projects

Founded in 2013 and headquartered in Connecticut, Grayscale has made a new move. The US-based crypto asset management company has reopened private placements

Grayscale, a US-based crypto asset management company, has reopened private placements for many altcoin projects to accredited investors. Here are all the details…

Grayscale announces altcoin projects

Grayscale Investments has reopened private placements for eligible investors in 19 of its trusts, including XRP, Solana (SOL), and Stellar (XLM).

Institutions and individual accredited investors can subscribe to private placements based on net asset value (NAV), hold them for a certain period of time, and sell them on the secondary market. Grayscale Investments announced on November 26 that private placement subscriptions based on net asset value (NAV) have reopened. They are only available to accredited investors.

According to Grayscale, accredited investors are those who earn more than $200,000 per year (or $300,000 per year with a spouse or equivalent). They must have a net worth of more than $1 million, either individually or with their spouse or peers. Legal entities must have $5 million in liquid assets. Investors can choose to invest in the trusts for top and trending tokens like 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), Livepeer (LPT), and Decentraland (MANA).

Grayscale's Decentralized AI Fund is also available for private placement subscriptions. The fund includes NEAR, TAO, FIL, RENDER, and GRT tokens.

The recent sell-off in Bitcoin prices also affected XRP, Solana (SOL), and Stellar (XLM) prices. The XRP price fell by over 10 percent to a 24-hour low of $1.3. SOL dropped by 5 percent to $229, while XLM fell by nearly 15 percent and is currently trading at $0.4316.

Grayscale was founded in 2013 and launched a Bitcoin trust that year. In 2015, the company became a subsidiary of Digital Currency Group. That same year, the Grayscale Bitcoin Trust began trading over-the-counter (OTC) and became the first publicly traded Bitcoin fund in the United States. The company then expanded its reach as it began offering investment products for altcoin projects in addition to Bitcoin. The company is also entering the ETF space. In July 2024, it launched an Ethereum ETF and a mini Bitcoin ETF.

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