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Grayscale’s Faustian Bargain

Mar 17, 2021 ⋅  6 min read

Grayscale announced this morning that it's creating five new trusts -- for Basic Attention Token, ChainLink, Decentraland, Filecoin, and Livepeer. The asset manager has been ramping up hiring, new trust creations, and flirting with bona fide ETF products, even as it paused new creations for its flagship bitcoin trust. Today, we’ll look at Grayscale's Faustian bargain, and why it’s one most investors will continue to make.

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Prior to founding Messari, Ryan was an entrepreneur-in-residence at ConsenSys, and on the founding teams of Digital Currency Group, where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring & annual Consensus conferences. He has been an investor & prolific writer in the crypto industry since 2013.

About the author

Prior to founding Messari, Ryan was an entrepreneur-in-residence at ConsenSys, and on the founding teams of Digital Currency Group, where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring & annual Consensus conferences. He has been an investor & prolific writer in the crypto industry since 2013.