The crypto asset manager is preparing to add 35 new altcoins to its investment portfolio
Grayscale, a leading crypto asset manager, recently announced it is considering adding 35 new altcoins to its range of investment products. These include popular tokens like Dogecoin and Worldcoin, as well as projects like Pyth and Rune. In a blog post on October 10, Grayscale categorized the prospective tokens into five groups: Currencies, smart contract platforms, financials, culture, and utilities.
A majority of the tokens fall under the smart contract platforms category. These include well-known networks such as Aptos, Sei, Celestia, and Mantle. Grayscale also listed tokens from Arbitrum, Cosmos, Polygon, Toncoin, and Tron, signaling that these blockchain projects could become future investment options. Additionally, the firm is considering Solana-based projects like Jupiter, Pyth, and Helium for potential inclusion.
Dogecoin, a popular memecoin, and Immutable, a gaming network, are also being reviewed. If added, these would fall under Grayscale’s consumer and culture segment, which already includes Basic Attention Token (BAT) and Decentraland (MANA).
Grayscale currently manages 30 different investment products. These consist of 25 single and diversified crypto trusts, four exchange-traded funds (ETFs), and one dynamic income fund. This latest announcement follows a series of recent expansions for the company, with Grayscale having launched new funds tied to Aave, XRP, and Avalanche over the past few months.
Grayscale is also one of the largest institutional holders of Bitcoin, managing more than $12 billion worth of the cryptocurrency through its Bitcoin Trust ETF (GBTC). Despite its recent growth, the firm has seen large sell-offs from its GBTC investors since converting it to an ETF in January. Grayscale has also launched two spot Ether ETFs, which faced similar large outflows.
