Stellar (xlm)

Grayscale, a cryptocurrency investment group, has just announced that it has launched its latest fund. This new fund is dedicated specifically to Stellar (XLM).

<![CDATA[
/**/
]]>

Grayscale Adds Stellar (XLM)

Grayscale is a digital asset management firm that operates under the Digital Currency Group umbrella. Before the addition of Stellar, Grayscale held eight other digital currency trusts.

The trusts now include:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Horizen (ZEN)
  • Litecoin (LTC)
  • Stellar (XLM)
  • XRP
  • Zcash (ZEC)

“We are pleased to bring Grayscale Stellar Lumens Trust to market and will continue to provide investors access to established blockchain projects with substantial traction and resources,” said Michael Sonnenshein, Managing Director of Grayscale. “Grayscale has established a leadership role in this emerging industry and the launch of this product will expand our coverage of the digital asset universe.”

The Grayscale Stellar Lumens Trust is now the first single-asset investment product that provides investors with exposure to Stellar (XLM). Stellar Lumens, or XLM, is the native digital asset of the Stellar Network.

>> Binance Freezes Tokens from Hacked Cryptopia Exchange

Sonnenshein spoke to Fortune about his views on the Stellar Network. The Director of Grayscale believes that Stellar is in a good position to be used in the world and believes the theory behind the project is sound. Specifically, Sonnenshein believes that the working capital aspect of the Stellar Lumens network is what will make it more appealing to banks.

The current banking system requires each major bank to hold large reserves of currencies in foreign banks, but being able to bring those balances of foreign currencies into working capital is what the Grayscale Director finds to be extremely valuable.

Currently, Grayscale also holds XRP, which is Stellar’s competitor. However, Ripple’s network is geared more towards banks, while Stellar (XLM) hopes its project will be used for just about anyone. Specifically, smaller businesses.

Featured Image: Depositphotos © shahurin

<![CDATA[
/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media (max-width: 860px) { .crec-ad { width: 50%; } .crec-ad:last-child { width: 50%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]]]>*/
]]>

<![CDATA[
/**/
]]>

Stellar (XLM) the Latest Cryptocurrency Added to Grayscale 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 44,864.00
ethereum
Ethereum (ETH) $ 3,159.01
cardano
Cardano (ADA) $ 2.27
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 383.25
xrp
XRP (XRP) $ 1.00
solana
Solana (SOL) $ 149.61
polkadot
Polkadot (DOT) $ 32.73
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223986
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 44,864.00
ethereumEthereum (ETH)
$ 3,159.01
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 552.27
litecoinLitecoin (LTC)
$ 164.16
bitcoinBitcoin (BTC)
38.255,40
ethereumEthereum (ETH)
2.693,68
tetherTether (USDT)
0,852697
bitcoin-cashBitcoin Cash (BCH)
470,92
litecoinLitecoin (LTC)
139,98
bitcoinBitcoin (BTC)
32,890.92
ethereumEthereum (ETH)
2,315.95
tetherTether (USDT)
0.733125
bitcoin-cashBitcoin Cash (BCH)
404.88
litecoinLitecoin (LTC)
120.35

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin44,854 0.10 % 3.44 % 6.91 %
Ethereum3,151.4 0.34 % 4.27 % 12.36 %
Cardano2.270 0.09 % 2.46 % 9.02 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin383.17 0.24 % 1.86 % 10.87 %
XRP0.9998 0.00 % 1.57 % 10.64 %
Solana149.70 0.27 % 2.44 % 5.61 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.04 % 0.13 % 0.24 %
Dogecoin0.2237 0.38 % 0.45 % 9.57 %

bitcoin
Bitcoin (BTC) $ 44,864.00
ethereum
Ethereum (ETH) $ 3,159.01
cardano
Cardano (ADA) $ 2.27
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 383.25
xrp
XRP (XRP) $ 1.00
solana
Solana (SOL) $ 149.61
polkadot
Polkadot (DOT) $ 32.73
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223986