Grayscale, the institutional digital asset manager, revealed that it is investigating 13 more assets for its trust. The assets are mainly related to DeFi – decentralized finance – including coins such as Polygon (MATIC) and Solana (SOL).
The assets considered by Grayscale include 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 new crypto coins bring the number of assets considered by Grayscale for its trust to 31. Other more prominent crypto assets include Cardano (ADA), Polkadot (DOT), and Tezos (XZT).
Grayscale Currently Offers 13 Assets
Grayscale provides investors the chance to get involved in the digital assets market through private and public funds. The asset management company now offers 13 assets via its products. These include Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Horizon (ZEN), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM) and Zcash (ZEC).
In a blog post, Grayscale said: “Not every asset under consideration will be turned into one of our investment products,” and that definitely appears to have been the case for earlier announced assets under consideration, such as Cardano, Eos, and Tezos.
The company had US$34.4 billion of total assets under management as of June 17th, 2021. As per Coinshares, the digital asset manager, Grayscale’s offerings account for 74.5 percent of assets in institutional digital asset investment products. The company’s announcement indicates an increasing trend of investors looking for investments in digital assets besides Bitcoin to alternative coins such as Ethereum, and lately, DeFi.
Grayscale did release five new trusts on March 17th, launching products for Chainlink, Filecoin, Basic Attention Token, Decentraland, and Livepeer. These five trusts currently account for only 0.1 percent of Grayscale’s $34.4 billion in assets under management (AUM).