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Home News Altcoin News

Grayscale considers Adding 13 more crypto-assets for its trusts

Joy Dahunsi by Joy Dahunsi
2 years ago
in Altcoin News, DeFi News
Reading Time: 2 mins read
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Exhibiting such great interest in DeFi, Grayscale has added 13 new cryptocurrencies to its list of assets under consideration.
Grayscale considers Adding  13 more crypto assets for its trusts

Grayscale Institutional Asset Management Corporation announced that it is currently considering to add 13 other crypto assets to its cryptocurrency investment trust products.

This was announced on June 18, the potential assets mainly represent the decentralized finance (DeFi) field, including 1inch, Bancor, Curve, Kava , Kyber Network, Loopring, Polygon, Ren, Universal Market Access and 0x.

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Solana, Near, and Dfinity high-speed scalable blockchain network tokens have also been added to the list of cryptocurrencies considered by Grayscale.

current addition bring the total number of assets explored by Grayscale to 31. Grayscale currently offers products that track the performance of 13 different assets.

The institution emphasized that “not all assets under consideration will become one of its investment products”, and previously announced assets under consideration, such as Cardano, Eos, and Tezos, happened to be in this category.

Five new trust was launched on March 17th, with the launch of Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer. These five trusts currently account for only 0.1% of Grayscale’s US$34.4 billion in assets under management (AUM).

As reported by CoinShares, Grayscale’s Trust accounts for 75% of the US$44.3 billion total assets under management of institutional crypto investment products.

The Bitcoin trust of Grayscale’s represents 73% of total assets under management (and more than 56% of total assets are managed in crypto investment products).

The company’s Ethereum Trust also grew this year, accounting for nearly 22% of the capital under management.

All other trusts managed by Grayscale account for approximately 5% of the company’s total assets under
management.
Since the beginning of 2021, more than US$2.3 billion has been invested in Grayscale Trust.

Tags: Crypto-assetsdefiGrayscale

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