Source: Bankless
Author: Jun
Compiled by: BitpushNews Mary Liu
Grayscale , the "OG" of the crypto industry and digital asset management giant , has been very busy recently.
Whenever Grayscale announces a new trust for a particular asset, the market typically reacts with a mixture of excitement and skepticism. This is like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch of a new product as a sign that the market for the asset has reached saturation, or at least that upside potential is limited. But from another perspective, it’s a stamp of approval from mainstream players in the crypto space. It can give the asset legitimacy, potentially attract institutional investors, and at the very least increase media exposure.
Grayscale has been adding new investment products at a faster pace, demonstrating their belief that we are in the middle of a crypto bull run driven by a host of bullish signals: Bitcoin ETF inflows, the long-awaited launch of the ETH ETF, increased stablecoin adoption, and steady growth in TVL in DeFi .
As a low-key giant in the industry, investors continue to pay attention to the assets supported by Grayscale to explore the potential tracks in the industry. Which assets have caught their attention recently? This article will find out.
Grayscale Decentralized AI Fund (FIL , NEAR , RNDR ,LPT ,TAO )
Grayscale Decentralized AI Fund is a first-of-its-kind fund that invests exclusively in native tokens of decentralized AI protocols. Currently, it includes Filecoin , Near, Render , Livepeer , and Bittensor .
Grayscale decentralized AI fund holdings details. Source: Grayscale
Grayscale points out people's concerns about a future dominated by centralized AI and the potential of cryptocurrencies to create a fairer and more transparent ecosystem. They believe that although the cryptocurrency x AI field is still in its early stages, it has great prospects. By leveraging the power of cryptocurrency, we can build a fairer, more transparent, and more trustworthy AI ecosystem.
Grayscale Dynamic Income Funds (SOL , CBETH, NEAR, etc.)
Grayscale Dynamic Income Fund (GDIF) aims to take advantage of the growing staking rewards offered by various tokens such as SOL, ETH, NEAR, etc. The fund aims to maximize returns by strategically allocating capital to tokens with attractive staking returns.
Grayscale is known for its diversified approach to crypto investing. While they typically diversify across sectors, GDIF marks a new frontier: diversification across different types of tokens. This provides investors with unique yield opportunities beyond the potential upside of the underlying tokens.
Grayscale NEAR Trust (NEAR)
Grayscale believes NEAR is a standout player in the crypto space due to its strategic focus on AI and chain abstraction. NEAR’s vision for user-owned AI is ambitious, but its active developer community, growing user base, and deep pockets give it the momentum to make it a reality. As the world continues to embrace AI, NEAR is likely to become the platform of choice for developers and users alike.
Grayscale Stacks Trust (STX)
Stacks is Grayscale's bet on the promising Bitcoin L2 space. Stacks offers a solution to Bitcoin's scalability and functionality challenges by building a smart contract-enabled L2 on top. This approach allows developers to build a wide range of applications on top of Bitcoin's blockchain.
As the ecosystem around Bitcoin continues to grow and more DeFi activity begins to emerge, the need for scalability and lower costs will only become more apparent, and Stacks provides a solution to this problem.
Grayscale MakerDAO Trust
MakerDAO is an OG DeFi project, and the native governance token MKR is key to participating in this ecosystem. The launch of Grayscale MakerDAO Trust comes at a time of renewed interest in blue-chip DeFi projects and their tokens.
Grayscale believes that MKR provides investors with access to a variety of opportunities in the MakerDAO ecosystem. These opportunities include on-chain credit protocols, stablecoins, real-world assets, and more.
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world in which AI is no longer a tool in the hands of a few companies, but a democratized resource for everyone. It aims to create an "Internet of AI" where everyone can contribute to and benefit from AI models. TAO incentivizes participants to contribute to the network by offering rewards for tasks such as validating models and running AI calculations.
As the AI race heats up among big tech companies, Grayscale sees Bittensor as offering a promising alternative approach to AI development that encourages a wider range of players and ideas.
Grayscale SUI Trust (SUI)
Sui has a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, handling multiple transactions simultaneously. Sui's competitive advantage comes from its custom programming language, Sui Move, which simplifies the development and execution of smart contracts.
As cryptocurrencies gain popularity, Grayscale sees Sui opening the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure, driven by demand for block space and faster processing efficiency.
“Grayscale effect”
Overall, the impact of the launch of Grayscale Trust on a specific asset is highly subjective. This by no means means that the asset is destined to be a huge success. Take Grayscale Decentraland Trust (MANA) as an example.
The key point is that Grayscale’s recent bets across various products highlight a bullish outlook on crypto, and they believe we are currently in a bull market and are deploying capital accordingly.
Twitter: https://twitter.com/BitpushNewsCN
BitPush TG Exchange Group: https://t.me/BitPushCommunity
Bitpush TG subscription: https://t.me/bitpush
Btok subscription: https://btok360.com/bitpush
