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Grayscale Considering 31 Crypto Assets for Investment Products

Grayscale Considering 31 Crypto Assets for Investment Products
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies.

Grayscale Investments announced Friday 13 additional crypto assets it is considering for investment products. These cryptocurrencies add to the initial list of coins the company announced it was considering in February.
The 13 additional crypto assets are 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).
The crypto assets already in consideration are 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).
As of June 18, Grayscale’s net assets under management (AUM) totaled $32.9 billion. The company’s bitcoin trust (GBTC) had the largest AUM in the industry, of almost $24.12 billion, followed by the ethereum trust with an AUM of more than $7.13 billion.

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The Grayscale family of products currently 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.
In April, the company announced its intention to convert GBTC into a bitcoin exchange-traded fund (ETF). Currently, the U.S. Securities and Exchange Commission (SEC) has not approved any bitcoin ETF. This week, the SEC asked for comments from interested individuals on the proposed Vaneck bitcoin ETF.
Meanwhile, the firm has been saying that it is seeing rising institutional demand for bitcoin. CEO Michael Sonnenshein commented in March: “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.”

What do you think about all these crypto assets Grayscale is considering making into investment products? Let us know in the comments section below.

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