Crypto asset management giant Grayscale has released a list of altcoins that it says it’s considering for new institutional products.
In a blog post, Grayscale names 35 “assets under consideration” or digital assets not currently included in its products but identified by the firm as possible candidates for inclusion in a future product.
[adinserter block="1"]Says Grayscale,
“As a leading crypto-focused asset manager, introducing investors to a diverse array of investible digital assets is an important part of our mission.
Accordingly, we’re excited to share this list of assets under consideration for inclusion for future Grayscale investment products, along with an up-to-date list of assets that are already part of our product family.”
Included in Grayscale’s list are smart contract platforms Aptos (APT), Arbitrum (ARB), Celestia (TIA), Cosmos (ATOM) and Toncoin (TON).
Classified as “consumer culture,” Grayscale lists Dogecoin (DOGE) along with Web3 gaming platform Immutable (IMX) as potential candidates as well.
Under “utilities,” Grayscale names Worldcoin (WLD), Artificial Superintelligence Alliance (FET), Pyth (PYTH) and others.
The firm recently launched a new trust that offers investors exposure to the decentralized finance (DeFi) protocol Aave (AAVE). The new product is solely invested in Aave’s native token and functions like the company’s other single-asset trusts.
Grayscale also launched a new XRP Trust in September after axing a similar product in 2021.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Art Furnace
