Grayscale, a digital currency investment group, confirmed that it has successfully launched its most recent fund dedicated to Stellar’s Lumens (XLM) brand in a tweet on January 17.
1/ We are excited to announce two big developments! First, today marks the launch of Grayscale Stellar Lumens Trust! Investors can now gain exposure to the price movement of XLM through a traditional investment vehicle. For more info go to https://t.co/izJooCsKwS
— Grayscale (@GrayscaleInvest) January 17, 2019
Grayscale, which now operates nine crypto-currency funds, has set the timing for changing the image of its products and renamed all of its products to trusts in one currency.
The company offers’ single asset investment products that have exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizons (ZEN), Litecoin (LTC), Ripple (XRP) Offer.” and Zcash (ZEC) along with Stellar.
Managing Director Michael Sonnenshein said the recent signing was due to investor demand to gain exposure to price fluctuations in XLM.