Institutional digital asset manager Grayscale announced today that it is exploring 13 more assets for its trusts, predominantly related to decentralized finance, such as Polygon (MATIC).
Fast facts:
- The assets are: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA) and 0x (ZRX). The new additions bring the number of assets under consideration by Grayscale to 31. Other assets include Cardano, Polkadot and Tezos.
- Grayscale offers investors exposure to digital assets through private and public funds. The asset manager currently offers 13 assets through its products — Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Horizon (ZEN), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM) and Zcash (ZEC).
- In a blog post, Grayscale said: “Not every asset under consideration will be turned into one of our investment products.”
- Grayscale had US$34.4 billion of total assets under management as of June 17. According to digital asset manager CoinShares, Grayscale’s products account for 74.5% of assets in institutional digital asset investment products. Grayscale’s announcement is a sign of a growing trend of investors exploring investments in digital assets beyond Bitcoin to alternative coins such as Ethereum and, increasingly, DeFi.
