Grayscale to Add 35 New Crypto Assets Including Dogecoin and Worldcoin

Grayscale Expands Asset Consideration List with 35 New Altcoins

In a significant move for the cryptocurrency market, Grayscale, a leading crypto asset manager, announced the addition of 35 altcoins to its consideration list for future investment products. This update was revealed in a blog post dated October 10, where Grayscale categorized these prospective tokens into five main groups: currencies, smart contract platforms, financials, culture, and utilities.

Focus on Smart Contract Platforms

The majority of the newly considered assets are tokens associated with smart contract platforms. Grayscale has identified a diverse range of networks, including:

Aptos (APT) - an alternative layer 1 blockchain.
Sei (SEI) - another layer 1 blockchain focused on speed.
Celestia (TIA) - a data availability network aimed at improving scalability.
Mantle (MNT) - an Ethereum scaling solution designed for better transaction efficiency.
Arbitrum (ARB), Cosmos (ATOM), Polygon (MATIC), Toncoin (TON), and Tron (TRX) are also being considered for potential investment.

With a total of 16 smart contract platforms listed as potential fund prospects, Grayscale appears to be doubling down on its investment strategy in this rapidly evolving market.

Solana-Based Projects Under Review

Additionally, Grayscale is evaluating three notable projects based on the Solana blockchain, which include:

Jupiter (JUP) - a decentralized exchange.
Pyth (PYTH) - a blockchain oracle used for data provisioning.
Helium (HNT) - a decentralized infrastructure network.

Cultural and Consumer Tokens

Under the “consumer and culture” category, Grayscale is also considering some high-profile tokens:

Dogecoin (DOGE) - a popular meme-based cryptocurrency.
Immutable (IMX) - a network focused on crypto gaming.
Other tokens such as Basic Attention Token (BAT) and Decentraland (MANA) are already part of Grayscale's existing offerings.

Current Investment Product Portfolio

Grayscale currently manages an impressive portfolio of 30 different investment products. This includes:

25 single and diversified investment trusts for specific cryptocurrencies.
Four exchange-traded funds (ETFs).
One dynamic income fund.

This recent extensive list follows a series of expansions initiated by Grayscale, which includes the launch of a new Aave investment fund (October 3), an XRP Trust (September 12), and an Avalanche fund (August 22).

Conclusion

Grayscale's latest consideration of 35 altcoins underscores its commitment to exploring diverse investment opportunities in the ever-evolving cryptocurrency landscape. By evaluating various tokens from established and emerging platforms, Grayscale aims to enhance its investment offerings and cater to a broader audience in the crypto market.