11.17.2022

Grayscale Investments Reaffirms Safety of Holdings

11.17.2022
Grayscale Investments Reaffirms Safety of Holdings

Grayscale Investments®, the world’s largest digital currency asset manager, reaffirmed that the safety and security of the holdings underlying Grayscale’s digital asset products are unaffected by recent market events and continue to operate business as usual.*

Genesis Global Capital, LLC – a subsidiary of Genesis Global Trading, Inc., Grayscale’s affiliate – today announced that it is temporarily suspending redemptions and new loan originations. Genesis Global Capital is not a counterparty or service provider for any Grayscale digital asset product, and as such, its recent announcement will not impact any Grayscale digital asset products’ operations.

Grayscale and Grayscale’s digital asset products are prohibited from encumbering the digital assets underlying its products pursuant to the terms of the trust agreement or limited liability company agreement governing each digital asset product, and the custodian for the assets, Coinbase Custody Trust Company, LLC, is prohibited from engaging in such activity, as outlined in the products’ corresponding custody agreements.

Grayscale’s digital asset products continue to trade and, where applicable, produce SEC and OTC Markets reports and audited financial statements. Reports with additional information about Grayscale’s digital asset products, custody of assets, and service providers are publicly available at https://grayscale.com/sec and https://grayscale.com/otc-documents/.

“Grayscale’s digital asset products are designed to provide investors with secure, transparent access to the crypto ecosystem,” said Grayscale CEO Michael Sonnenshein. “While this is a difficult time for many, the Grayscale team remains unwaveringly confident in the future of the crypto industry. Our team has been and will continue to advocate for greater regulatory clarity for our investors, and we hope to see positive momentum in that regard in the months ahead.”

Source: Grayscale

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