Digital asset supervisor Grayscale is contemplating including 23 totally different altcoins to their holdings to supply as funding merchandise.
In a brand new press launch, the crypto behemoth says it desires to fulfill rising investor demand for digital belongings by diversifying and increasing its product choices.
The corporate says they’re exploring including assist for the next digital belongings:
- Aave (AAVE)
- Primary Consideration Token (BAT)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Cosmos (ATOM)
- Decentraland (MANA)
- EOS
- Filecoin (FIL)
- Movement (Dapper Labs)
- Livepeer (LPT)
- MakerDAO (MKR)
- Monero (XMR)
- Numeraire (NMR)
- Polkadot (DOT)
- Reserve Rights (RSR)
- Stacks (STX)
- SushiSwap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- The Graph (GRT)
- Uniswap (UNI)
- yearn.finance (YFI)
Seven of those cash had been already revealed to be underneath Grayscale’s radar when the funding agency registered them for trusts in January together with Aave, Cardano, Cosmos, EOS, Monero, Uniswap, and Polkadot.
The agency notes that including a brand new digital asset to an funding product requires elaborate evaluate and consideration. There’s no assure that every of those belongings will find yourself being provided.
Says Grayscale CEO Michael Sonnenshein,
“We could not flip every of those belongings into considered one of our landmark funding merchandise… However as a agency that has been on the vanguard of connecting the legacy monetary system with the brand new, digital currency-driven monetary system, we view it as our duty to introduce traders to extra variety on this house.”
The crypto big, which accumulated over $700 million value of Bitcoin (BTC) and Ethereum (ETH) within the month of February alone, at present provides eight crypto-backed funding merchandise. Along with BTC and ETH, Grayscale provides shoppers publicity to Litecoin (LTC), Bitcoin Money (BCH), Ethereum Basic (ETC), Zcash (ZEC), Horizen (ZEN), and Stellar Lumens (XLM) by way of numerous trusts and funds.
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