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COINTURK NEWS > Cryptocurrency News > Grayscale Evaluates 35 Altcoins for New Institutional Products
Cryptocurrency News

Grayscale Evaluates 35 Altcoins for New Institutional Products

In Brief

  • Grayscale evaluates a range of altcoins for future institutional products.

  • The company aims to diversify its digital asset offerings.

  • Recent trust launches focus on decentralized finance and previously halted products.

Fatih Uçar
Fatih Uçar 1 year ago
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Grayscale, the cryptocurrency asset management giant, has released a list of altcoins under evaluation for new institutional products. The company aims to assess a diverse range of digital assets that have the potential to be included in future investment offerings.

Assets Under Evaluation

In a recent blog post, Grayscale detailed 35 digital assets not currently included in its products, but which may be incorporated in the future. Grayscale emphasized its mission to introduce investors to a variety of investable digital assets, expressing excitement about sharing this list of evaluated assets as well as updating the current lineup of its product family.

The assets being evaluated by Grayscale include smart contract platforms such as Aptos, Arbitrum, Celestia, Cosmos, and Toncoin. Additionally, notable assets in the “Consumer Culture” category include Dogecoin $0.147555 and Immutable, while “Services” category assets comprise Worldcoin, Artificial Superintelligence Alliance, and Pyth.

Recently, the firm launched a new trust focused on the decentralized finance (DeFi) protocol Aave, which exclusively invests in Aave’s native token, functioning similarly to the company’s other single-asset trusts. Moreover, Grayscale has reintroduced a new XRP Trust, reviving a similar product it had previously terminated in 2021.

This expansion by Grayscale is viewed as part of its strategy to offer investors a broader and more comprehensive array of cryptocurrency asset options. The company continues to monitor developments in the digital asset market to expand its portfolio accordingly.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 16 October, 2024 - 5:34 pm 16 October, 2024 - 5:34 pm
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