Grayscale Considering 31 More Crypto Assets for Investment Products

Grayscale Considering 31 More Crypto Assets for Investment Products; Here They Are.

Grayscale Investments said it is considering 31 crypto assets to add to its family of investment products. The company currently boasts $32.9 billion in crypto assets under management and offers investments in 13 cryptocurrencies, including bitcoin and ether.

The company announced Friday it is going for 13 additional crypto assets to its holdings. Recall also that the recent announcement is an addition to the previously announced cryptos past February. The announcement disclosed the 13 additional crypto assets as 1inch (1INCH), bancor (BNT), curve (CRV), internet computer (ICP), kava (KAVA), kyber network (KNC), loopring (LRC), near (NEAR), polygon (MATIC), ren (REN), Solana (SOL), universal market access (UMA), and 0x (ZRX). However, the company is already considering other crypto assets such as aave (AAVE), Cardano (ADA), compound (COMP), cosmos (ATOM), eos (EOS), flow (dapper labs) (FLOW), makerdao (MKR), monero (XMR), numeraire (NMR), Polkadot (DOT), reserve rights (RSR), stacks (STX), sushiswap (SUSHI), synthetix (SNX), tezos (XTZ), the graph (GRT), uniswap (UNI), and yearn finance (YFI).

Grayscale as of June 18, has net assets under management (AUM) of $32.9 billion. Grayscale’s bitcoin trust (GBTC) had the largest AUM of its net worth of almost $24.12 billion while its Ethereum Trust followed with an AUM of more than $7.13 billion.

Currently, the Grayscale family of products consists of 13 crypto assets: basic attention token (BAT), bitcoin (BTC), bitcoin cash (BCH), chainlink (LINK), decentraland (MANA), ethereum (ETH), ethereum classic (ETC), filecoin (FIL), horizen (ZEN), litecoin (LTC), livepeer (LPT), stellar lumens (XLM), and zcash (ZEC). In addition, the company offers a digital large-cap fund.

Grayscale offers a digital large-cap fund. In April, the company announced it will convert GBTC into a bitcoin exchange-traded fund (ETF). Although the U.S. Securities and Exchange Commission (SEC) has not approved any bitcoin ETF, It has asked for comments from interested individuals on the proposed Vaneck bitcoin ETF.

In a comment, the CEO Michael Sonnenshein in March: said “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class.”