Grayscale Expands Asset List for New Products

Grayscale Investments added 13 additional assets to the list of assets that could underpin future investment trusts offered to clients.

We’re always exploring new assets that can help us grow our family of investment products. Here are 13 additional we’ll explore: $1INCH $BNT $CRV $ICP $KAVA $KNC $LRC $NEAR $MATIC $REN $SOL $UMA $ZRX. Follow along to get updates as we expand this list! https://t.co/5BU92rVZOM

— Grayscale (@Grayscale) June 17, 2021

These include: 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).

The company said it would periodically refresh the list. Grayscale noted that it does not guarantee launching new products based on every asset listed. The process involves substantial work in regulation, internal controls and custody, the statement said.

In the initial list of February 26, there were 23 assets.

In March, based on five of them — Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT) — Grayscale created five new investment trusts, bringing their total under management to fourteen.

Before that, the firm filed applications to register six additional trusts.

According to the latest figures, the aggregate assets in Grayscale Investments’ launched funds in Bitcoin, Ether and other cryptocurrencies stood at $34.4 billion.

06/17/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $34.4 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/PtYdWkfxmM

— Grayscale (@Grayscale) June 17, 2021

The bitcoin-focused Grayscale Bitcoin Trust (GBTC) remains the most popular with investors. As of writing, it had attracted $25.1 billion. The ability to invest in this product has remained unavailable since March.

According to Bitcoin Treasuries, GBTC holds 3.1% of the maximum bitcoin supply (21 million BTC).

The Grayscale Ethereum Trust, the second-largest by assets, has attracted $7.5 billion from investors.

In May, Digital Currency Group, Barry Silbert’s company, announced plans to acquire GBTC shares worth up to $750 million — three times the amount announced in March.

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