Crypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other Altcoins

Crypto investing large Grayscale is contemplating including 13 totally different altcoins to their holdings to supply as funding merchandise.

In a brand new assertion, the crypto titan says it’s exploring help for the next cryptocurrencies:

 

  • 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)
  • 0x (ZRX)

Grayscale can be 18 different digital belongings for potential inclusion in its supported funding merchandise, bringing the overall variety of crypto belongings into account to 31.

The agency clarifies that including a brand new altcoin to its suite of funding merchandise requires elaborate overview and consideration. Grayscale notes that it’s not 100% sure that they’ll supply publicity to all of those digital belongings.

“As a reminder, not each asset into account might be became certainly one of our funding merchandise. The course of of making an funding product just like those we already supply is a fancy, multifaceted course of. It requires important overview and consideration and is topic to substantial inner controls, sufficiently safe custody preparations and regulatory concerns.”

Grayscale at the moment helps 13 digital belongings by way of numerous trusts and funds together with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Zcash (ZEC), Horizen (ZEN), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), Livepeer (LPT), Stellar Lumens (XLM) and Zcash (ZEC).

As of June 18th, the world’s largest crypto supervisor holds $32.9 billion in complete belongings underneath administration (AUM) with Grayscale Bitcoin Trust (GBTC) accounting for $24.11 billion, adopted by the Grayscale Ethereum Trust (ETHE) with $7.13 billion.

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Featured Image: Shutterstock/Tithi Luadthong

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