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Reading: Grayscale Evaluates 35 Altcoins for New Enterprise Products
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EdaFace Newsfeed > Latest News > Crypto News > Grayscale Evaluates 35 Altcoins for New Enterprise Products
Crypto News

Grayscale Evaluates 35 Altcoins for New Enterprise Products

vitalclick
Last updated: October 16, 2024 3:50 pm
5 months ago
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Crypto asset management giant Grayscale has published a list of altcoins it is evaluating for new institutional products.

Assessed Assets

In its blog post, Grayscale listed 35 digital assets that are not currently included in its products but have the potential to be included in future products. Grayscale made the following statements on the subject:

“As the leading crypto-focused asset manager, introducing investors to a diverse range of investable digital assets is an important part of our mission. “Therefore, we are excited to share this list of assets being evaluated for inclusion in future Grayscale investment products and to provide an updated list of assets that are currently part of our product family.”

Assets evaluated by Grayscale include Aptos, Arbitrum, Celestia, Cosmos $4 and smart contract platforms such as Toncoin.

Dogecoin in the “Consumer Culture” category $0.124983 and Immutable, while digital assets such as Worldcoin, Artificial Superintelligence Alliance and Pyth are evaluated in the “Services” category.

The firm recently launched a new trust offering investments in decentralized finance (DeFi) protocol Aave. This new product invests exclusively in Aave’s native token and operates like the company’s other single asset trusts.

Additionally, Grayscale created a new XRP Trust in September, relaunching a similar product it had previously discontinued in 2021.

This expansion move by Grayscale is considered as part of its strategy to offer investors more diverse and comprehensive crypto asset options. The company continues to expand its portfolio by closely following the developments in the digital asset market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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