Leading cryptocurrency asset manager Grayscale could potentially launch a new trust for Yearn.Finance (YFI).
Delaware Trust Company, the companyâ€™s statutory trustee, recently registered the above-mentioned product, according to its Feb. 10 filing.
Last month, Grayscale also formed a slew of trusts for such cryptocurrencies as Chainlink (LINK), Tezos (XTZ), Cardano (ADA).
However, the asset manager noted that these products would not necessarily be brought to market:
“Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors”.
As per its most recent update, Grayscale currently has $36.2 billion worth of assets under management, with its Bitcoin trust accounting for $29.7 billion of the aforementioned sum.
The firmâ€™s XRP trust was terminated in January after Ripple Labs got sued by the U.S. Securities and Exchange Commission.
Yearn.Financeâ€™s governance tokens hits an all-time high
Yearn.Financeâ€™s YFI token is currently among the best-performing cryptocurrencies over the past 24 hours.
Earlier today, the token surpassed the $45,000 level for the first time in history, reaching a new all-time high of $45,895 on FTX.
The tokenâ€”which was originally deemed to be completely valuelessâ€” swiftly became a fixture in the decentralized finance industry together with Andre Cronje, the founder of the Yearn.Finance protocol.