Grayscale Eyes Expansion with 35 New Tokens for Portfolio

Grayscale, a leading entity connecting Web3 with mainstream finance, has recently revealed plans to potentially add 35 new cryptocurrencies to its portfolio. This forward-thinking move highlights Grayscale's long-standing commitment to innovating within the cryptocurrency space, from its early Bitcoin and Ethereum trust products to the recent introductions of Bitcoin and Ethereum spot ETFs this year.

New Tokens Under Consideration

The 35 cryptocurrencies under review have been categorized by Odaily Planet Daily based on their specific sectors and market capitalizations. Below is a breakdown of the tokens by sector:

1. DeFi Sector

Jupiter (JUP)
Ondo Finance (ONDO)
Ethena (ENA)
Core (CORE)
THORChain (RUNE)
Aerodrome (AERO)
Pendle (PENDLE)

2. Underlying Infrastructure Sector

Celestia (TIA)
Pyth Network (PYTH)
Cosmos (ATOM)
Akash (AKT)
UMA Project (UMA)
Neon (NEON)

3. Layer 1 Sector

Toncoin (TON)
TRON (TRX)
Aptos (APT)
Injective Protocol (INJ)
Internet Computer (ICP)
Kaspa (KAS)
VeChain (VET)
Mantra (OM)
Celo (CELO)

4. Layer 2 Sector

Optimism (OP)
Arbitrum (ARB)
Sei (SEI)
Starknet (STRK)
Polygon (POL, formerly MATIC)
Mantle (MNT)
Immutable (IMX)
Metis (METIS)

5. DePIN Sector

Arweave (AR)
Helium (HNT)

6. AI+ Sector

Fetch.ai (FET)
Worldcoin (WLD)

7. Meme Sector

Dogecoin (DOGE)

The Implications of Grayscale's Expansion

Grayscale's intention to consider these tokens underscores its strategy to broaden its portfolio and stay attuned to the dynamic landscape of cryptocurrencies. This expansion could potentially pave the way for greater adoption and investment opportunities within various sectors of the crypto market.

For those interested in keeping up with Grayscale and cryptocurrency trends, exploring CoinDesk and CryptoSlate can provide insights and updates.

Conclusion

As Grayscale deliberates these potential additions, investors and crypto enthusiasts are eagerly watching to see how these developments may influence the market. The diverse range of cryptocurrencies reflects the evolving landscape and the increasing recognition of blockchain technology across different sectors.