Grayscale Investments, a popular asset manager, may be linked to a new statutory trust registered in Delaware on January 14, 2025, named “Grayscale Helium Trust (HNT).” The trust is represented by CSC Delaware Trust Company, with its registered address in Wilmington, Delaware.
About Grayscale Helium Trust’s Delaware Filing
The filing has generated significant interest in the crypto space, especially given Grayscale’s history of launching investment products tied to individual cryptocurrencies. While the name suggests a connection to Helium (HNT), a blockchain project for decentralized wireless networks, no confirmation has been provided regarding its purpose or any affiliation with Grayscale Investments.
NEW: “GRAYSCALE HELIUM TRUST (HNT)” REGISTERED IN DELAWARE – UNCLEAR WHETHER LEGIT pic.twitter.com/BLG8RvzyKb
— DEGEN NEWS (@DegenerateNews) January 16, 2025
This development has led to speculation about whether the asset management giant is expanding its portfolio to include Helium. However, with no official announcement from the asset manager, details about the trust remain unclear.
HNT Price Action Today
As the crypto community awaits more information, this could signal potential institutional interest in the Helium network and its applications in global industries. Currently, Helium’s native token, HNT, is rebounding as it witnesses slight gains after the above-mentioned news came in.
As of writing, the HNT price was up by 1.15% to $4.95 on Thursday, January 17, 2025. Moreover, the token event hit a high of $5.154 after the latest announcement.
However, the price movement was limited as the move has not been acknowledged by the company yet. Nonetheless, in case this news turns out to be true, the HNT price hike could be higher, potentially holding strong above the $5 mark.
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