Grayscale launches Stellar Lumens fund, joins BTC, ETH, ETC, ZCASH, BCH, ZEN, LTC, XRP and ZEC

Grayscale Investments has announced that it will be launching Stellar Lumens Trust which makes XLM the 9th cryptocurrency that Grayscale offers. Other cryptos include BTC, ETH, ETC, ZCASH, BCH, ZEN, LTC, XRP and ZEC.

Grayscale tweeted,

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.

Second, we have renamed all of our single-asset Trusts. The public quotation symbols remain GBTC for Grayscale Bitcoin Trust and ETCG for Grayscale Ethereum Classic Trust.

Stellar Lumens has been on the roll lately. The token XLM, along with Cardano (ADA) is slated to be added to both Coinbase and Coinbase Pro and this will bring a lot of heavy weight investors to the XLM community. This can be very beneficial for the Stellar project in the long term.

Here are the details of Grayscale Stellar Lumens trust.

Investment Objective    Shares track the XLM market price, less fees and expenses
Benchmark Index    TradeBlock XLMX Index 24-hour VWAP
CUSIP    38963R105
ISIN    US38963R1059
Inception Date    12/6/2018
Annual Fee    2.5%
AUM    $0.4M‡
Shares Outstanding    38,700
XLM per Share    99.8289078