Crypto asset manager Grayscale has announced the addition of 35 altcoins, including Dogecoin, Worldcoin, Pyth, and Rune, to its list of assets under consideration for future investment products.
Crypto asset manager Grayscale has added 35 altcoins to its list of assets under consideration for future investment products, according to an Oct. 10 blog post.
The newly considered assets are categorized into five primary groups: currencies, smart contract platforms, financials, culture, and utilities. Among these categories, the majority of the prospective tokens are those for smart contract platforms. Grayscale has identified a mix of networks, including Aptos (APT), Sei (SEI), Celestia (TIA), and Mantle (MNT). In total, Grayscale has listed 16 smart contract platforms as potential fund prospects.
Grayscale is also considering three Solana-based projects — Jupiter (JUP), Pyth (PYTH), and Helium (HNT) — for its potential investment products. Notably, Grayscale has already launched several cryptocurrency investment trusts this year, including an Aave investment fund on Oct. 3, an XRP Trust on Sept. 12, and an Avalanche fund on Aug. 22.
Currently, Grayscale offers 30 different investment products, which include 25 single and diversified investment trusts for specific cryptocurrencies, four exchange-traded funds (ETFs), and one dynamic income fund. Among these products, Grayscale Bitcoin Trust (NYSE:BTC) is one of the largest institutional holders of Bitcoin (BTC), with 222,300 BTC or $12.8 billion. Since converting Grayscale Bitcoin Trust to an ETF in January, Grayscale has become one of the largest institutional sellers of Bitcoin, with investors selling a net $20 billion worth of Grayscale Bitcoin Trust shares. Following the launch of two spot Ether ETFs in July, Grayscale has also experienced significant outflows from these new products.
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