Cryptocurrency asset management firm Grayscale is considering adding 35 altcoins to its investment products.
According to CoinTelegraph on the 15th (local time), Grayscale is reviewing the inclusion of 35 altcoins such as Doge, WLD, Pyth, and Runes. Earlier on the 10th, Grayscale divided its investment product portfolio into five major categories: currency, smart contract platform, finance, consumption and culture, and utility. Most of the new coins such as Aptos (APT) and Sei (SEI) were classified as smart contract platforms. The representative meme coin Doge and Immutable X (IMX) are in the consumption and culture sector along with Basic Attention Token (BAT) and Decentraland (MANA).
Grayscale also classified Arbitrum (ARB), Cosmos (ATOM), Polygon (Matic), Ton (TON), and Tron (TRX) as potentially valuable investment products. The company is also considering adding Solana-based Jupiter (JUP), Pyth Network (PYTH), and Helium (HNT) to its investment products.
Grayscale is one of the largest institutional investors in Bitcoin (BTC) in the world. In January, after converting the Grayscale Bitcoin Trust (GBTC) to a spot-based exchange-traded fund (ETF), Grayscale's investors sold about $20 billion worth of GBTC.
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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