The investment company is considering the prospects of altcoins for their possible addition to their own productsGrayscale Investments has added 25 altcoins to the list for consideration for inclusion in the organization’s cryptocurrency funds. The list of tokens includes coins from the Decentralized Finance (DeFi) and Metaverse segments.
Grayscale Investments has begun exploring the prospects for the following altcoins:
- Algorand (ALGO);
- Arweave (AR);
- Axie Infinity (AXS);
- Bancor (BNT);
- BitTorrent (BTT);
- BORA (BORA);
- Convex (CVX);
- Cosmos (ATOM);
- Decred (DCR);
- Elrond (EGLD);
- Enjin (ENJ);
- Fantom (FTM);
- Gala (GALA);
- Gelato (GEL);
- Helium (HNT);
- Holo (HOT);
- IOTA (IOTA);
- Oasis Network (ROSE);
- Secret (SCRT);
- Spell (SPELL);
- Stacks (STX);
- The Sandbox (SAND);
- Universal Market Access (UMA);
- VeChain (VET);
- Yield Guild Games (YGG).
Grayscale noted that not every asset under study will be included in Grayscale Investments crypto funds. Also, a company may include an asset in its products without first being added to the list for consideration.
At the beginning of 2021, Grayscale Investments announced the exclusion of two altcoins (UMA and Bancor Network Token) from the fund, which contains DeFi project tokens. The company used the proceeds from the sale of altcoins to purchase AMP tokens, which were added to the Grayscale DeFi fund.
We have just announced updated component weightings for Grayscale #DeFi Fund, which now includes $AMP. This is the first time AMP will be included in a Grayscale investment vehicle. Read this thread for more: pic.twitter.com/jfKAih24cS
— Grayscale (@Grayscale) January 3, 2022
Grayscale Investments is a digital asset manager that allows accredited US investors to purchase cryptocurrency investment products in a regulated environment through traditional market instruments.