Close Menu
    Altcoins

    Grayscale puts DOGE, Worldcoin on list of 35 potential crypto products

    By No Comments2 Mins Read
    building site, construction, crane, crypto, coin, column of coins, investment, crowdfunding, partnership, cooperation, collaboration, creation, create, development, funding, go up, rise, market, growth, increase, Grayscale

    30s Summary

    Crypto management firm Grayscale has added 36 altcoins, including Dogecoin, Worldcoin, Pyth, and Rune, to its consideration list for potential future investment products. The coins have been categorised into five categories, including Currencies, Smart Contract Platforms, Financials, Culture, and Utilities, with several of the newly considered assets being tokens for smart contract platforms. Grayscale currently offers 30 different investment products and is one of the world’s largest institutional holders of Bitcoin. Grayscale’s consideration of these altcoins came after their recent expansion, including the launching of an Aave investment fund, an XRP Trust, and an Avalanche fund.

    Full Article

    Crypto management company Grayscale has just added Dogecoin, Worldcoin, Pyth, Rune, and 31 other altcoins to its list, indicating these crypto assets are being considered for possible future investment products.

    Grayscale categorized these future tokens into five groups: Currencies, Smart Contract Platforms, Financials, Culture, and Utilities. The majority of the newly considered assets were tokens for smart contract platforms which included a range of networks such as Aptos, Sei, Celestia, and Mantle.

    The company also eyed several other networks which include popular names like Arbitrum, Cosmos, Polygon, Toncoin, and Tron. These assets could potentially become part of Grayscale’s investment products lineup.

    The company also considered adding three Solana-based projects which include the decentralized exchange Jupiter, blockchain oracle Pyth, and decentralized infrastructure network Helium. One of the most talked-about coins Dogecoin and the crypto gaming network Immutable were also considered under Grayscale’s “consumer and culture” vertical, where they’d join existing products for Basic Attention Token and Decentraland.

    Currently, Grayscale offers a total of 30 different investment products including 25 trusts for specific cryptocurrencies, four ETFs, and one dynamic income fund. This new list of prospective assets has come after Grayscale’s recent expansion – with recent launches including a new Aave investment fund on October 3, an XRP Trust on September 12, and an Avalanche fund on August 22.

    Fun fact about Grayscale – it’s one of the world’s biggest institutional holders of Bitcoin, boasting a whopping 222,300 BTC worth $12.8 billion in its Grayscale Bitcoin Trust ETF. Since turning GBTC into an ETF in January, Grayscale has become one of the largest institutional sellers of Bitcoin – investors have reportedly unloaded a net $20 billion worth of GBTC shares since the fund was converted.

    Source: Cointelegraph

    Related Posts