Grayscale is tentatively looking to offer YFI
Cointelegraph
Published Feb 11, 2021 03:29PM ET
Updated Feb 11, 2021 05:00PM ET
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.
The new YFI entity was incorporated 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 on the fund manager's AUM reports. This includes the industry-leading Bitcoin Trust, which has nearly $30 billion in assets.
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Written By: Cointelegraph
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