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 on Friday announced 13 additional crypto assets it is considering for investment products. These cryptocurrencies are in addition 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 taken into consideration are aave (AAVE), cardano (ADA), compound (COMP), cosmos (ATOM), eos (EOS), flow (dapper labs) (FLOW), makerdao (MKR), monero (XMR) ), numéraire (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) were $ 32.9 billion. The company’s Bitcoin Trust (GBTC) held the largest AUM in the industry at nearly $ 24.12 billion, followed by the Ethereum Trust with an AUM of over $ 7.13 billion.
- The Grayscale product family 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 large cap digital fund.
- In April, the company announced its intention to convert GBTC into a bitcoin exchange-traded fund (ETF). Currently, the United States Securities and Exchange Commission (SEC) has not approved any bitcoin ETFs. This week, the SEC asked for comments from those interested on Vaneck’s proposed Bitcoin ETF.
- Meanwhile, the company said it is seeing an increase in 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 see new entrants into what has surely become a bona fide asset class.
What do you think of all these crypto assets that Grayscale plans to turn into investment products? Let us know in the comments section below.
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