Grayscale puts DOGE, Worldcoin in the list of 35 possible crypto products
Crypto asset manager Grayscale has added 35 crypto altcoins, including Dogecoin, Worldcoin, Pyth and Rune, to its list of assets “under consideration” for future investment products.
In an Oct. 10 blog post, Grayscale divided its list of future tokens into five main categories: currencies, smart contract platforms, financials, culture, and utilities.
Most of the newly envisioned assets were tokens for smart contract platforms, with the company opting for a mix of networks including alternative layer-1 blockchains Aptos (APT) and Sei (SEI), data availability network Celestia (TIA) and Ethereum elasticity solution Mantle. (MNT)
Grayscale has listed several other network tokens including Arbitrum (ARB), Cosmos (ATOM), Polygon (MATIC), Toncoin (TON) and TRON (TRX) as assets that may qualify as investment products.
Grayscale lists 16 modern contracting platforms as funding prospects. Source: Grayscale
Grayscale has added three Solana-based projects, including decentralized exchange Jupiter (JUP), blockchain oracle Pyth (PYTH), and decentralized infrastructure network Helium (HNT).
The popular memecoin Dogecoin (DOGE) and crypto gaming network Immutable (IMX) were considered by the asset manager “Consumer and Culture” as vertical arrivals, where they will join existing grayscale products for Basic Attention Token (BAT) and Centralland (MANA).
Related: Grayscale launches investment fund for MakerDAO token
Grayscale currently offers a total of 30 different investment products, including 25 single and diversified investment trusts for specific cryptocurrencies, four exchange traded funds (ETFs) and one variable income fund, according to its website.
The new asset listing comes after a new wave of expansion for Greyscale, which launched a new Aave Investment Fund on October 3, XRP Trust on September 12 and Avalanche Fund on August 22.
Grayscale Investments is one of the world's largest institutional holders of Bitcoin (BTC), holding 222,300 BTC worth $12.8 billion in its Bitcoin ETF, Grayscale Bitcoin Trust ETF (GBTC).
Since converting GBTC to an ETF in January, Grayscale has become one of the largest institutional sellers of Bitcoin, with investors unloading a net $20 billion worth of GBTC shares since the currency's conversion.
After launching two spot Ether ETFs in July, Grayscale has once again seen multi-billion dollar inflows from a combination of new products.
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