Grayscale Reopens Private Placement for XRP, Solana (SOL), Stellar (XLM), and Other Tokens
Grayscale Investments has reopened private placement subscriptions for accredited investors in its 19 trusts, including tokens such as XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), and Chainlink (LINK). Additionally, the Decentralized AI Fund is now available for private placements.
Key Details
- Grayscale’s private placements allow eligible investors to purchase trust shares at net asset value (NAV) and hold them for a specified period before selling on the secondary market.
- Accredited investors must meet specific income or net worth criteria, such as earning over $200,000 annually ($300,000 with a spouse) or having a net worth exceeding $1 million, excluding primary residence. Entities must hold $5 million in liquid assets.
The 19 trusts include popular tokens such as XRP, Solana (SOL), Stellar (XLM), AAVE, Filecoin (FIL), and NEAR. Other tokens available for investment are Bitcoin Cash (BCH), Litecoin (LTC), Decentraland (MANA), and Bittensor (TAO).
Grayscale has also included the Decentralized AI Fund in its offerings, featuring tokens like NEAR, TAO, FIL, RENDER, and GRT.
Market Movement
Amid these developments, the crypto market has faced a downturn:
- XRP: Fell over 10% to a 24-hour low of $1.30.
- SOL: Retraced 5%, trading at $229.
- XLM: Dropped nearly 15%, currently priced at $0.4316.
Despite the market correction, Grayscale’s reopening of private placements highlights ongoing interest in institutional-grade crypto investment opportunities.
