Share this article
CORRECTION: Grayscale Didn't File to Register Trust for Nahmi Token; Possible Pump Attempt
The filing incorrectly gave the appearance that the world's largest digital asset manager was considering a trust based on the Nahmi project's token as a future offering.
Updated Sep 14, 2021, 12:36 p.m. Published Apr 6, 2021, 10:30 a.m.
Grayscale Investments DID NOT FILE to register a new trust for Microsoft-partnered Ethereum scaling project Nahmi, a spokeswoman for the world’s largest digital asset manager said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The filing with the State of Delaware indicated that a company named "Grayscale" had filed for a trust in a way that was identical to how Grayscale Investments had done for multiple other trusts.
- "We did not make that filing," the spokeswoman said.
- As such, the filing may have been an attempt to pump the price of the project's native token NII.
- According to CoinGecko, the price of NII has more than doubled in the last 24 hours to $0.01, with a 24-hour trading volume of $20.2 million.
- It appears at least one other trust filing with the name "Grayscale" may also be fraudulent.
- Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
- A call is being placed with the State of Delaware.
- CoinDesk regrets any confusion caused by the previous report.
See also: Grayscale Says It’s ‘100% Committed to Converting GBTC Into an ETF’
CORRECTION: Grayscale did not register a trust related to the Nahmii token. Article and headline have been updated.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
