Grayscale Adds 35 Altcoins to Investment Consideration List, Including Dogecoin and Worldcoin
To its list of assets under consideration for potential investment products, cryptocurrency asset manager Grayscale has added 35 altcoins, including Dogecoin, Worldcoin, Pyth, and Rune. Grayscale divided its list of potential tokens into five main categories—currencies, smart contract platforms, financials, culture, and utilities—in a blog post published on October 10.
The majority of the recently examined assets were tokens for smart contract platforms. The company selected a variety of networks, such as the Ethereum scaling solution Mantle, the data availability network Celestia, and alternative layer-1 blockchains Aptos and Sei. The tokens of several other networks, including Arbitrum, Cosmos, Polygon, Toncoin, and Tron, were also listed by Grayscale as assets that would be suitable for investment products.
Helium, Dogecoin, and Immutable Under Consideration as Grayscale Expands Altcoin Investment List
Additionally, Grayscale considered including three initiatives located in Solana, such as tokens for the decentralized infrastructure network Helium, blockchain oracle Pyth, and decentralized exchange Jupiter. The well-known memecoin Dogecoin and the crypto gaming network Immutable were considered as possible additions to Grayscale’s current Basic Attention Token (BAT) and Decentraland (MANA) products within the asset manager’s “consumer and culture” vertical.
According to its website, Grayscale presently provides 30 distinct investment products, including four ETFs, one dynamic income fund, and 25 single and diversified investment trusts for particular cryptocurrencies. The new list of potential assets follows Grayscale’s recent expansion wave, which included the launch of the Avalanche fund on August 22, the XRP Trust on September 12, and a new Aave investment fund on October 3.
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