Share this article
Grayscale Investments has updated its list of digital assets under consideration for this year. 25 more tokens, including Layer 1 chains, Metaverse applications, and blockchain games, have been added to the list.
Grayscale Expands Assets Under Consideration
Grayscale is broadening its investment horizons.
The crypto asset management company updated its list of assets under consideration Monday, adding 25 more tokens. The new additions bring the total number of assets on Grayscale’s radar to 43. In the same announcement, Grayscale announced it had also added Amp, a digital collateral token, to its product family.
Among the new entrants are several alternative Layer 1 blockchain tokens such as Algorand, Elrond, Fantom, Helium, Holochain, Oasis Network, and Secret Network. These tokens could eventually build on the list of Layer 1 chains offerings already within Grayscale’s product family, such as Ethereum, Solana, and Cardano.
Another prominent theme in the new round of assets is Metaverse and blockchain gaming applications. Seven of the 25 tokens fall under this category and include Arweave, Axie Infinity, BORA, Enjin, Gala Games, The Sandbox, and Yield Guild Games. Currently, Decentraland’s MANA token is the only Metaverse application Grayscale offers to its investors.
The remaining tokens Grayscale is considering cover a wide range of DeFi, Web3, and Internet of Things use cases. They include Bancor, BitTorrent, Convex, Decred, Gelato, IOTA, Spell, Stacks, Universal Market Access, and VeChain.
Grayscale Investments is an asset management company that helps institutions gain exposure to cryptocurrencies. The company is in the process of converting its most popular offering, the Grayscale Bitcoin Trust, into an exchange-traded fund. It is currently awaiting approval from the U.S. Securities and Exchange Commission.
Disclosure: At the time of writing this feature, the author owned ETH, SOL, FTM and several other cryptocurrencies.
Share this article
Grayscale Strikes Back Against SEC’s ETF Rejections
Grayscale has sent a letter to the SEC expressing opposition to the regulator’s repeated rejection of Bitcoin spot ETFs. Grayscale Notes Spot and Futures Discrimination Over the past several months,…
Is Time on our Side? The Case for Bitcoin’s Lengthening Cycles
One of the many unique features of BTC is its halving process, which is often accompanied by a bullish movement and preceded by bearish consolidation. Bitcoin’s halving events have been…
Grayscale Advances Bitcoin ETF Plans With New Hire
Grayscale Investments has hired a new global head of exchange-traded funds to lead the conversion of the company’s GBTC trust into a Bitcoin ETF. Grayscale Hires Global Head of ETFs…
BNY Mellon to Assist Grayscale with Bitcoin ETF Plans
Grayscale Investments has selected the Bank of New York Mellon as its asset servicing provider for the Grayscale Bitcoin Trust. The move is part of the firm’s commitment to converting…
Source: https://cryptobriefing.com/grayscale-considering-fantom-algorand-for-its-investment-products/?utm_source=main_feed&utm_medium=rss