Originally published on: October 15, 2024
Crypto asset management giant Grayscale has made a bold move by adding 35 potential altcoins to its list of assets that could be considered for future investment products. Among these tokens are big names like Dogecoin and Worldcoin, as well as lesser-known gems such as Pyth and Rune.
In a recent blog post on Oct. 10, Grayscale categorized these prospective tokens into five primary groups: Currencies, smart contract platforms, financials, culture, and utilities. The majority of the tokens under consideration fall under the smart contract platforms category, representing a diverse range of networks such as Aptos, Sei, Celestia, and Mantle.
Grayscale is also eyeing tokens from networks like Arbitrum, Cosmos, Polygon, Toncoin, and Tron as potential investment products in the future. With 16 smart contract platforms on the list, Grayscale is actively exploring new opportunities to expand its investment portfolio.
Notably, popular memecoin Dogecoin and innovative crypto gaming network Immutable have been identified as potential assets under Grayscale’s “consumer and culture” vertical. These tokens could join the ranks of existing products like Basic Attention Token and Decentraland.
As a leading institutional holder of Bitcoin, Grayscale currently offers a wide range of investment products, including single and diversified trusts for specific cryptocurrencies, exchange-traded funds (ETFs), and dynamic income funds. The addition of new assets to its list signals a period of growth and expansion for the company.
Grayscale’s continuous evolution in the crypto market includes recent launches of investment funds for Aave, XRP, and Avalanche. With a strong presence in the industry, Grayscale is positioning itself as a key player in the world of crypto investments.
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