13 New Assets Under Consideration for Grayscale Investment Product Line

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In Brief
  • Grayscale is considering an additional 13 assets for its investment product line, bringing the total under consideration to 31.

  • Solana (SOL) and Polygon (MATIC) are among the new assets under consideration.

  • Five from the list originally published in Feb. have since been made into investment products in their own right.

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Digital Currency Asset Management company Grayscale is considering 13 additional assets for its investment product options. The current total for assets under consideration is now 31.

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Grayscale Investments issued a post on Mediumwhich listed the assets newly under consideration. They were quick to remind followers that not all those assets will be ultimately taken on as investment products in their own right.

As of June 17, the company added 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) to its list. A list first published back in February. That list included 18 other assets, including the likes of Cardano (ADA), Polkadot (DOT) and UniSwap (UNI).

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Furthermore, Grayscale has since turned five assets from that original list into investment products. Namely, Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL), Livepeer (LPT), and Chainlink (LINK). The latter fund was reported in April to be up 41% since its February inception.

The company also noted that they would continue to update and expand that list as they explored further candidates.

Other Grayscale projects

Back in May, reports revealed that Grayscale Investments had filed a registration statement with the U.S. Securities and Exchange Commission (SEC), on behalf of Grayscale Digital Large Cap Fund (GDLC). GDLC is currently Grayscale’s only diversified investment product, originally launched in 2019. However it is also the company’s third fund to register with the SEC as a reporting company.

At time of press, there was nothing to suggest that the SEC had accepted or denied Grayscale’s registration. However, reports indicate that, should the SEC accept the registration, the trust would become subject to Regulation 12A under the U.S. Exchange Act.

Another of Grayscale’s SEC-reporting investment products is the Grayscale Ethereum Trust (ETHE). Otherwise known as the first publicly-quoted Ethereum investment vehicle in the United States. The trust allows Grayscale’s users an introduction of Ether (ETH) into their portfolio without some of the challenges usually associated in purchase and storage.

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Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK. Cryptocurrency was one of the first subjects he specialized in when first going freelance in 2018, reviewing exchanges and analysing lawsuits.

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