Crypto asset manager Grayscale has announced the addition of 35 new altcoins to its list of assets “under consideration” for future investment products. This list includes popular coins like Dogecoin, Worldcoin, Pyth, and Rune.
In a blog post on Oct. 10, Grayscale categorised these potential assets into five key areas including currencies, smart contract platforms, financials, culture, and utilities.The majority of these tokens are related to smart contract platforms. Some notable mentions are alternative layer-1 blockchains like Aptos and Sei, the data availability network Celestia, and Ethereum scaling solution Mantle.
Additional Networks Considered
Grayscale also highlighted other networks such as Arbitrum, Cosmos, Polygon, Toncoin, and Tron as possible candidates for future investment products.
Moreover, three Solana-based projects were under review, including tokens for the decentralised exchange Jupiter, the blockchain oracle Pyth, and the decentralised infrastructure network Helium (HNT).
Dogecoin, a well-known memecoin, and the crypto gaming network Immutable are also being considered under Grayscale’s “consumer and culture” category. If selected, they would join existing products like Basic Attention Token (BAT) and Decentraland (MANA).
Grayscale’s Growing Portfolio
Grayscale currently manages 30 different investment products, which include 25 single and diversified investment trusts, four exchange-traded funds (ETFs), and one dynamic income fund.The announcement of new tokens comes shortly after Grayscale’s recent expansion. The company launched an Aave investment fund on Oct. 3, an XRP Trust on Sept. 12, and an Avalanche fund on Aug. 22.
Grayscale is one of the largest institutional holders of Bitcoin, with its Grayscale Bitcoin Trust ETF (GBTC) holding 222,300 BTC, valued at $12.8 billion.
Since converting GBTC to a spot Bitcoin ETF in January, Grayscale has seen a net selloff of $20 billion in GBTC shares. After launching two Ether ETFs in July, the firm also witnessed significant outflows from these products.
Grayscale remains one of the biggest players in the crypto investment space, and its expansion into new assets continues to shape the market.
