{"id":176116,"date":"2021-02-11T23:29:53","date_gmt":"2021-02-11T20:29:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-is-tentatively-looking-to-offer-yfi\/"},"modified":"2021-02-11T23:29:53","modified_gmt":"2021-02-11T20:29:53","slug":"grayscale-is-tentatively-looking-to-offer-yfi","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-is-tentatively-looking-to-offer-yfi\/","title":{"rendered":"# Grayscale is tentatively looking to offer YFI"},"content":{"rendered":"

“# Grayscale is tentatively looking to offer YFI <\/strong>”
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Grayscale Investments has registered an LLC for a prospective Yearn Finance (YFI) Trust, giving the first sign that the asset manager is considering the DeFi coin.\u00a0<\/p>\n

The new YFI entity was incorporated<\/a> as a Statutory Trust in Delaware on Feb. 10, 2021. Grayscale now has 33 registered trusts in the state, though only nine are active, based<\/a> on the fund manager’s AUM reports. This includes the industry-leading Bitcoin Trust, which has nearly $30 billion in assets.\u00a0<\/p>\n

Grayscale has also formed LLCs for Polkadot, Uniswap, Theta and Cardano, among many others.\u00a0Registering a corporation doesn\u2019t mean that the new business entity is operational. In this case, the LLC is a placeholder for a future fund offering that may or may not come to fruition.\u00a0<\/p>\n

A spokesperson for Grayscale told Cointelegraph that the new entity is merely a “reservation filing” that could become operational in the future:<\/p>\n

Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors.<\/p><\/blockquote>\n

Despite that “reservation” status, as well as the cheap cost of registering an LLC in Delaware (Grayscale itself is a Delaware-registered LLC), the process is not free, and registrants typically need to pay annual fees to maintain their active status. Even if a YFI trust is nowhere near launch, this is at least a definite indicator of interest.\u00a0<\/p>\n

Grayscale\u2019s investment funds have drawn considerable attention from mainstream investors looking to gain access to cryptocurrencies via traditional vehicles. The fund manager remains the de facto leader in this space, with total assets well north<\/a> of $36 billion.<\/p>\n

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02\/10\/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n

Total AUM: $36.2 billion$BTC<\/a> $BCH<\/a> $ETH<\/a> $ETC<\/a> $ZEN<\/a> $LTC<\/a> $XLM<\/a> $ZEC<\/a> pic.twitter.com\/y2XJAldHIz<\/a><\/p>\n

\u2014 Grayscale (@Grayscale) February 10, 2021<\/a><\/p><\/blockquote>\n