The Grayscale Investment Fund has added 35 altcoins to its list of assets under consideration for future investment products. The list includes investments in five main categories: currencies, smart contract platforms, finance, consumption and culture, and utilities and services. Interestingly, the list is dominated by altcoins related to smart contract platforms: 16 tokens from different networks are under consideration.
Currencies
Cryptoassets that perform at least one of the three main functions: medium of exchange, store of value, or unit of account.
- Kaspa (KAS)
Smart contract platforms
It includes crypto assets that serve as the basic tools on which smart contracts are developed and implemented.
- Aptos (APT)
- Arbitrum (ARB)
- Celestia (TIA)
- Celo (CELO)
- Core (CORE)
- Cosmos (ATOM)
- Internet Computer (ICP)
- Mantle (MNT)
- Metis (METIS)
- Neon (NEON)
- Optimism (OP)
- Polygon (POL, formerly MATIC)
- Sei (SEI)
- Starknet (STRK)
- Toncoin (TON)
- TRON (TRX)
Finance
Includes crypto assets used to secure financial transactions and services.
- Aerodrome (AERO)
- Ethena (ENA)
- Injective Protocol (INJ)
- Jupiter (JUP)
- Mantra (OM)
- Ondo Finance (ONDO)
- Pendle (PENDLE)
- THORChain (RUNE)
Goods and services
It includes crypto assets that support activities focused on the consumption of various goods and services.
- Dogecoin (DOGE)
- Immutable (IMX)
Utilities and services
It includes crypto assets that are aimed at developing practical applications and functionalities at the enterprise level.
- Akash (AKT)
- Arweave (AR)
- Artificial Superintelligence Alliance (FET)
- Helium (HNT)
- Pyth (PYTH)
- UMA Project (UMA)
- VeChain (VET)
- Worldcoin (WLD)
Grayscale Investments is a company that manages cryptocurrency trusts and other investment products. Grayscale is one of the largest institutional holders of Bitcoin — 222,300 BTC worth $12.8 billion held in the Grayscale Bitcoin Trust ETF (GBTC). Since the conversion of GBTC to an ETF in January, investors have withdrawn assets worth about $20 billion.
Source: Grayscale
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