Grayscale Considering 31 Crypto Assets for Investment Products – Bitcoin News


Grayscale Investments is contemplating 31 crypto belongings so as to add to its household of funding merchandise. The firm, with $32.9 billion in crypto belongings beneath administration, at the moment gives investments in 13 cryptocurrencies.

  • Grayscale Investments introduced Friday 13 further crypto belongings it’s contemplating for funding merchandise. These cryptocurrencies add to the preliminary checklist of cash the corporate introduced it was contemplating in February.
  • The 13 further crypto belongings are 1inch (1INCH), bancor (BNT), curve (CRV), web laptop (ICP), kava (KAVA), kyber community (KNC), loopring (LRC), close to (NEAR), polygon (MATIC), ren (REN), solana (SOL), common market entry (UMA), and 0x (ZRX).
  • The crypto belongings already in consideration are aave (AAVE), cardano (ADA), compound (COMP), cosmos (ATOM), eos (EOS), circulate (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 internet belongings beneath administration (AUM) totaled $32.9 billion. The firm’s bitcoin belief (GBTC) had the biggest AUM within the business, of virtually $24.12 billion, adopted by the ethereum belief with an AUM of greater than $7.13 billion.

  • The Grayscale household of merchandise at the moment consists of 13 crypto belongings: fundamental consideration token (BAT), bitcoin (BTC), bitcoin money (BCH), chainlink (LINK), decentraland (MANA), ethereum (ETH), ethereum traditional (ETC), filecoin (FIL), horizen (ZEN), litecoin (LTC), livepeer (LPT), stellar lumens (XLM), and zcash (ZEC). In addition, the corporate gives a digital large-cap fund.
  • In April, the corporate introduced its intention to transform GBTC right into a bitcoin exchange-traded fund (ETF). Currently, the U.S. Securities and Exchange Commission (SEC) has not accredited any bitcoin ETF. This week, the SEC requested for feedback from people on the proposed Vaneck bitcoin ETF.
  • Meanwhile, the agency has been saying that it’s seeing rising institutional demand for bitcoin. CEO Michael Sonnenshein commented in March: “Digital currencies have reached an inflection level. Investor demand has by no means been larger, and on daily basis we’re seeing new entrants to what has certainly turn out to be a bona fide asset class.”

What do you consider all these crypto belongings Grayscale is contemplating making into funding merchandise? Let us know within the feedback part beneath.

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