Grayscale Investments Launch Stellar Lumens Trust

Grayscale announces the launch their Stellar Lumens Trust

Grayscale Investments, the company behind the Bitcoin Investment Trust, announced the launch their Stellar Lumens Trust on January 17th, 2019. The newly-launched Stellar Lumens Trust is Grayscale’s ninth-single asset.

Grayscale Stellar Lumens Trust is a traditional investment vehicle where the shares are titled in the investors name. This provides a familiar structure for financial and tax advisors, and easy transferability to beneficiaries under estate laws. The Stellar Lumens Trust is a positive development for Stellar Lumens, and a new investment vehicle for investors.

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Grayscale Investment’s Website states the following regarding the Stellar Lumens Trust:

“Grayscale Stellar Lumens Trust* enables investors to gain exposure to the price movement of XLM through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping XLM.”

Grayscale Investments tweeted the following:

In addition to the launch of the Stellar Lumens Trust, Grayscale Investments also announced changes to the names of their single asset trusts.

In a statement, Grayscale managing director Michael Sonnenshein pointed out the following:

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“the launch of this product will expand our coverage of the digital asset universe.”

Grayscale Investments continue to add new products to their list of investment products. While Stellar, a platform that connects banks, payments systems, and people which integrates to move money quickly, reliably, and at almost no cost., continues to grow.

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