Grayscale, one of the largest crypto money investment services companies in the world, has made new additions to the list of altcoin projects under evaluation. This means that the cryptocurrency company can add some of these to its fund services. However, it is worth noting that there is no certainty. Here are the details…
Will Grayscale add these altcoin projects to their investment portfolios?
Cryptocurrency investment services company Grayscale has added 25 coins to its list of cryptocurrencies under consideration. Assets being discovered include:
- Axie Infinity (AXS)
- Bancor (BNT)
- BitTorrent (BTT)
- BORA ( BORA
- Convex (CVX)
- Cosmos (ATOM)
- Decred (DCR)
- Elrond (EGLD)
- Enjin ( ENJ)
- Algorand (ALGO)
- Arweave (AR)
- Phantom (FTM)
- Gala (GALA)
- Gelato (GEL)
- Helium (HNT)
- Holo (HOT)
- IOTA (IOTA)
- Oasis Network (ROSE)
- Secret (SCRT)
- Spell (SPELL)
- Stacks (STX)
- The Sandbox (SAND)
- Universal Market Access (UMA)
- VeChain (VET)
- Yield Guild Games (YGG)
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Grayscale has launched a new fund
As we have previously reported as Kriptokoin.com, Grayscale Investments has launched a new fund that offers investors exposure to various smart contract networks outside of Ethereum (ETH). The fund’s largest holdings are Cardano (ADA) and Solana (SOL). Based on available data, the Grayscale Smart Contract Platform from the Ethereum Fund (GSCPxE), including Polkadot (DOT), Polygon (POLY), Algorand (ALGO), Avalanche (AVAX), and Stellar (XLM), as well as the aforementioned holds tokens of alternative smart contract networks.
In particular, ADA, representing 25.35 percent of the funds, is the fund’s largest holding. Solana follows ADA with 23.3 percent. It is followed by Avalanche with 18.4 percent and Polkadot with 15.4 percent. The allocation is remarkable and comes at a time when transaction volumes on the Cardano network and the overall value locked into the decentralized finance (DeFi) protocol are increasing. Earlier this month, Charles Hoskinson, co-founder and CEO of IO Global, the company responsible for Cardano’s research and development, said “we haven’t seen anything yet” when it comes to TVL in Cardano.
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