2021-06-20 18:30:57

Crypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other Altcoins

Crypto investing giant Grayscale is considering adding 13 different altcoins to their holdings to offer as investment products.

In a new statement, the crypto titan says it is exploring support for the following cryptocurrencies:

 

  • 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)
  • 0x (ZRX)

Grayscale is also looking at 18 other digital assets for potential inclusion in its supported investment products, bringing the total number of crypto assets under consideration to 31.

The firm clarifies that adding a new altcoin to its suite of investment products requires elaborate review and consideration. Grayscale notes that it is not 100% certain that they will offer exposure to all of these digital assets.

“As a reminder, not every asset under consideration will be turned into one of our investment products. The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process. It requires significant review and consideration and is subject to substantial internal controls, sufficiently secure custody arrangements and regulatory considerations.”

Grayscale currently supports 13 digital assets through various trusts and funds including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Zcash (ZEC), Horizen (ZEN), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), Livepeer (LPT), Stellar Lumens (XLM) and Zcash (ZEC).

As of June 18th, the world’s largest crypto manager holds $32.9 billion in total assets under management (AUM) with Grayscale Bitcoin Trust (GBTC) accounting for $24.11 billion, followed by the Grayscale Ethereum Trust (ETHE) with $7.13 billion.

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Featured Image: Shutterstock/Tithi Luadthong

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