Assets Under Management AUM

Crypto Giant Grayscale Explore Support for Solana, Polygon, and 11 Other Altcoins

Crypto investment giant Grayscale plans to add 13 different altcoins to its holdings to offer them as investment products.

In a new statement, the crypto titan says it is exploring support for the following cryptocurrencies:

  • 1 inch (1 INCH)
  • Bancor (BNT)
  • Curve (CRV)
  • Internet Computer (ICP)
  • Kava (KAVA)
  • Kyber Network (KNC)
  • Loop (LRC)
  • NEAR (NEAR)
  • Polygon (MATIC)
  • Ren (REN)
  • Solana (SOL)
  • Universal Market Access (UMA)
  • 0x (ZRX)

Grayscale is also reviewing 18 other digital assets for potential inclusion in its supported investment products, bringing the total number of crypto assets under consideration to 31.

The company clarifies that adding a new altcoin to its investment product line requires careful consideration and consideration. Grayscale notes that it is not 100% certain that they will provide exposure to all of these digital assets.

“As a reminder, not all of the assets considered will be transformed into one of our investment products. The process of creating an investment product similar to those we already offer is a complex, multi-faceted process. It requires significant consideration and consideration and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations. “

Grayscale currently supports 13 digital assets through various trusts and funds including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Zcash (ZEC), Horizen (ZEN) ), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), Livepeer (LPT), Stellar Lumens (XLM) and Zcash (ZEC).

As of June 18, the world’s largest crypto manager held $ 32.9 billion in total assets under management (AUM) with Grayscale Bitcoin Trust (GBTC) accounting for $ 24.11 billion, followed by the Grayscale Ethereum Trust (ETHE) with $ 7.13 billion.

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Featured Image: Shutterstock / Tithi Luadthong

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