Crypto asset manager Grayscale lists 35 cryptocurrency altcoins, including Dogecoin, Worldcoin, Pyth and Rune, as assets “under consideration” for future investment products. Added to list.
In an October 10 blog post, Grayscale categorized its list of prospective tokens into five basic categories: currencies, smart contract platforms, finance, culture, and utility.
Most of the newly considered assets were tokens for smart contract platforms, with the company opting for a mix of networks including alternative layer-1 blockchains Aptos (APT) and Sei (SEI), data availability network Celestia (TIA), and Ethereum scaling solution Mantle. . (MNT).
Grayscale also listed tokens from several other networks, including Arbitrum (ARB), Cosmos (ATOM), Polygon (MATIC), Toncoin (TON), and Tron (TRX), as assets potentially worthy of becoming investment products.
Grayscale listed 16 smart contract platforms as potential funding prospects. Source: Grayscale
Grayscale also considered adding three Solana-based projects, including tokens for decentralized exchange Jupiter (JUP), blockchain oracle Pyth (PYTH), and decentralized infrastructure network Helium (HNT).
Popular memecoin Dogecoin (DOGE) and cryptocurrency gaming network Immutable (IMX) are seen as potential entrants to the asset manager’s “consumer and culture” space, joining Grayscale’s existing investments in Basic Attention Token (BAT) and Decentraland (MANA). You will join the product.
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According to Grayscale’s website, it currently offers a total of 30 different investment products, including 25 single and diversified investment trusts for specific cryptocurrencies, four exchange-traded funds (ETFs), and one dynamic income fund.
The new list of promising assets comes after a new wave of expansion for Grayscale, which launched the new Aave investment fund on October 3, the XRP Trust on September 12, and the Avalanche fund on August 22.
Grayscale Investments is one of the world’s largest institutional holders of Bitcoin (BTC), holding 222,300 BTC worth $12.8 billion in the Grayscale Bitcoin Trust ETF (GBTC), a spot Bitcoin ETF.
Since converting GBTC into an ETF in January, Grayscale has become one of the largest institutional sellers of Bitcoin, with investors selling a net $20 billion worth of GBTC shares since the fund conversion.
After launching two spot Ether ETFs in July, Grayscale has once again seen billions of dollars in outflows from new products.
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