Grayscale

Grayscale Considers Additional Crypto Products

The largest crypto asset investment manager in the world, Grayscale Investment, just announced that it is going to consider adding several new digital assets to its portfolio. The firm made this announcement through a recently released press statement where it was stated that the firm “continues to seek ways to better meet growing investor demand for exposure to digital assets through familiar, secure, and regulated investment products.”

According to the announcement, Grayscale is considering several altcoins and DeFi products like Aave (AAVE), Basic Attention Token (BAT), Cardano (ADA), Chainlink (LINK), Compound (COMP), Cosmos (ATOM), Decentraland (MANA), EOS (EOS), Filecoin (FIL), Flow (Dapper Labs) (FLOW). The investment company also mentioned it would be considering Sushiswap, Yearn Finance, MakerDao, Polkadot and Uniswap. Altogether, the largest Bitcoin investment trust would be considering 23 new crypto assets for its teeming clients.

The firm’s CEO, Michael Sonnenshein, expressed his satisfaction that the investment company is expanding its crypto offerings to better serve their clients. He also went on to add that “the digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.”

Sonnenshein added a caveat that the firm might, at the end, not turn each of these crypto assets into an investment product for their investors, however, he noted that the current efforts by the company is its “responsibility to introduce investors to more diversity in this space.”

Globally, Grayscale is recognized for its large-scale investment in Bitcoin. The firm, however, has been attempting to diversify its portfolio in recent times due to the growing interest in cryptocurrencies by the wider public.

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