Grayscale Investments is considering adding 31 crypto assets to its portfolio of investment products. The company manages USD 32.9 billion in crypto assets and currently offers investments in 13 cryptocurrencies.
- Grayscale Investments announced on Friday that it is considering 13 other crypto assets for investment products. These cryptocurrencies were added to the initial list of tokens that the company announced in February that it was considering.
- The 13 newly added crypto assets are 1inch (1INCH), bancor (BNT), curve (CRV), internet computer (ICP), kava (KAVA), kyber network (KNC), loopring (LRC), near (NEAR), Polygon (MATIC), ren (REN), solana (SOL), Universal Market Access (UMA) and 0x (ZRX).
- The crypto assets that have been considered are aave (AAVE), cardano (ADA), compound (COMP), cosmos (ATOM), eos (EOS), flow (dapper labs) (FLOW), makerdao (MKR), monero (XMR), numeraire (NMR), polkadot (DOT), reserve rights (RSR), stacks (STX), sushiswap (SUSHI), synthetix (SNX), tezos (XTZ), graph (GRT), uniswap (UNI) and yearn finance (YFI) ).
- As of June 18, Grayscale’s net assets (AUM) under management totaled US$32.9 billion. The company’s Bitcoin Trust (GBTC) has the industry’s largest asset management scale, close to 24.12 billion U.S. dollars, followed by Ethereum Trust, which has more than 7.13 billion U.S. dollars under management.
- The Grayscale series of products currently include 13 types of crypto assets: Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), chainlink (LINK), decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), filecoin (FIL), horizen (ZEN), litecoin (LTC), livepeer (LPT), stellar (XLM) and zcash (ZEC). In addition, the company also provides digital large-cap funds.
- In April, the company announced its intention to convert GBTC into a Bitcoin exchange-traded fund (ETF). Currently, the US Securities and Exchange Commission (SEC) has not approved any Bitcoin ETF. This week, the US Securities and Exchange Commission sought the opinions of interested individuals on the proposed Vaneck Bitcoin ETF.
- At the same time, the company has consistently stated that it sees increasing institutional demand for Bitcoin. Chief Executive Michael Sonnenshein commented in March: “Digital currency has reached an inflection point. Investor demand has never been so high, and every day we see new entrants that have definitely become a real asset class.”
What do you think of all these crypto assets that Grayscale is considering making it into an investment product? Let us know in the comments section below.
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