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 needs to satisfy rising investor demand for digital belongings by diversifying and increasing its product choices.
The corporate says they’re exploring including help for the next digital belongings:
- Aave (AAVE)
- Primary Consideration Token (BAT)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Cosmos (ATOM)
- Decentraland (MANA)
- EOS
- Filecoin (FIL)
- Move (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 below 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 supplied.
Says Grayscale CEO Michael Sonnenshein,
“We might not flip every of those belongings into one among 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 buyers to extra range on this area.”
The crypto big, which collected over $700 million price of Bitcoin (BTC) and Ethereum (ETH) within the month of February alone, at present affords eight crypto-backed funding merchandise. Along with BTC and ETH, Grayscale affords shoppers publicity to Litecoin (LTC), Bitcoin Money (BCH), Ethereum Basic (ETC), Zcash (ZEC), Horizen (ZEN), and Stellar Lumens (XLM) by means of varied trusts and funds.
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