Grayscale Launches IP Token Trust, Targeting $80 Trillion Market with Story Protocol

Key Points

1. Grayscale introduces the Grayscale IP Token Trust, focusing on Story Protocol's $IP cryptocurrency, aimed at the $80 trillion global intellectual property market.

2. Story Protocol is already processing over 1.7 million IP tokens, providing AI companies with immutable ownership and revenue structures for their training data.

3. The trust will operate similarly to Grayscale’s other single-asset products, initially accessible to individuals with $200,000+ annual income or institutions with $5 million+ in assets.

4. Grayscale’s strategy mirrors its Bitcoin and Ethereum trusts, which started as private placements and later became ETFs, with significant assets under management.

5. The SEC now permits in-kind crypto ETF trades, which analysts describe as a backend efficiency improvement rather than a retail market gamechanger.