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Price: $0.38582 -1.5948%
Market Cap: 56.67B 1.7574%
Volume (24h): 8.65B 0.4%
Dominance: 1.7574% 1.7574%
  • Price: $0.38582 -1.5948%
  • Market Cap: 56.67B 1.7574%
  • Volume (24h): 8.65B 0.4%
  • Dominance: 1.7574% 1.7574%
  • Price: $0.38582 -1.5948%
Home > Information news > Grayscale lists 35 potential crypto products for future

Grayscale lists 35 potential crypto products for future

Release: 2024/10/15 18:33 Reading: 560

Original author:Todayq News

Original source:https://coinmarketcap.com/community/en/articles/670e41ad00748352409a7049

Grayscale lists 35 potential crypto products for future

Grayscale Expands Crypto Investment Offerings

Grayscale Investments, a leading crypto asset manager, has introduced a range of new investment products, including funds for altcoins such as Dogecoin, Worldcoin, Pyth, and Rune.

Five Main Token Categories

In a blog post, Grayscale outlined five main categories of potential tokens:

  • Currencies
  • Smart contract platforms
  • Financials
  • Culture
  • Utilities

Smart Contract Platforms Dominate

The majority of the assets under consideration are tokens for smart contract platforms. Grayscale has selected a mix of networks, including alternative layer-1 blockchains like Aptos and Sei, as well as Mantle, a DeFi platform.

Additional Networks and Projects

Other networks added to the list include Arbitrum, Cosmos, Polygon, Toncoin, and Tron. Three Solana-based projects, Pyth, oracle, and Helium, were also considered.

Dogecoin as a Competitor

Dogecoin, the popular memecoin, and Immutable, a leading layer 2 for NFTs and blockchain gaming, are considered strong competitors in the consumer and culture category. Grayscale aims to unite existing products for Basic Attention Token (BAT) and Decentraland (MANA) with these new offerings.

Expanding Product Range

Grayscale now offers approximately 30 investment products, including 25 single- and multi-asset investment trusts, 4 ETFs, and 1 active income fund.

Recent Launches

On October 3, Grayscale launched an Aave investment fund, following the introduction of an XRP Trust on September 12 and an Avalanche fund on August 22.

Major Bitcoin Position

Grayscale Investments holds approximately 222,300 BTC, valued at $12.8 billion, making it one of the largest holders of Bitcoin.

Previous Bitcoin Sales

In January, Grayscale also became a major seller of Bitcoin after converting GBTC to Exchange Traded Funds. Investors sold around $20 billion worth of GBTC shares during this conversion.

About Grayscale

Grayscale specializes in creating investment products for the virtual economy within a regulatory framework. Its hallmarks include being the first SEC reporting funds in the industry.

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