Grayscale has an interest in expanding its hold on digital assets for its trust. The institutional asset broker revealed in a newsletter that it is going to examine 13 more cryptocurrencies that are DeFi (Decentralized Finance) based to include in its offers. The assets under Greyscale’s consideration now amount to 31.
Assets that were listed for consideration include Polygon (MATIC), Solana (SOL), 1inch (1INCH), 0x (ZRX), Loopring (LRC), NEAR (NEAR), Kyber Network (KNC), Curve (CRV), Bancor (BNT), Ren (REN), Universal Market Access (UMA), and Internet Computer (ICP). These assets would join others like Polkadot and Cardano that are still under Greyscale’s consideration.
Grayscale, however, made a post that clarified that it won’t be accepting all the assets that it is exploring as investment products. At the moment, the asset manager offers its investors access to over 13 cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar Lumens, Chainlink amongst others.
The entity according to a recent estimation holds about $34.4 billion in assets under management. Its increasing level of inclusion in cryptocurrency assets including altcoins is seeing exert considerable influence over other digital asset investment products.
Greyscale’s CEO Says Investors Are Becoming Confident in Crypto
During an interview with Bloomberg, the CEO of Grayscale Michael Sonnenshein said that investor confidence in cryptocurrency is on the rise. Attributing to the adoption of Bitcoin as a legal tender in El Salvador, he said that several individuals and corporations are solidifying their opinions on the leading crypto asset.
Sonnenshein further said that Grayscale would be looking to apply for an Exchange Traded Fund (ETF) once the regulatory atmosphere in the US turns favorable. According to the CEO, the Securities and Exchange Commission (SEC) is hesitating to approve ETFs because it wants digital assets to attain understandable maturity before approving them.