Grayscale Considering 25 New Crypto Assets to Add to Its Portfolio
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- Grayscale said it had added Amp (AMP) to its Grayscale DeFi Fund.
- The current portfolio of 15 crypto investment products totals $55 billion.
When it comes to digital currencies like VeChain (VET), IOTA (MIOTA), and EOS, Grayscale Investments, the most significant crypto asset management, has stated that it is looking into new product offerings.
On January 25, 2022, the asset manager’s official Twitter account announced the latest development. As a consequence of rising demand from investors for exposure to other developing cryptocurrencies, the company came up with the list.
Under Consideration Does Not Guarantee Inclusion
Accredited investors may presently invest in Bitcoin Trust, Ethereum Trust, and eight additional single-asset investment trusts from Grayscale. If the above-mentioned digital assets are to become investment products, they must go through a procedure like the one conducted by Grayscale previously.
Also, on January 24, Grayscale said it had added Amp (AMP) to its Grayscale DeFi Fund, apart from the 25 in consideration. Grayscale’s current portfolio of 15 crypto investment products totals $55 billion in assets under management (AUM). Bitcoin and Ethereum Grayscale trust accounts make up $31.2 billion of the total AUM.
Currently, the Grayscale DeFi Fund has $7 million in assets under management (AUM) and is down 35.8% from its launch in July 2021, according to statistics from Grayscale’s website. Assets included in this list may or may not become investment products for the company.
As per the leading asset manager:
“Not every asset under consideration will be turned into one of our investment products and Grayscale may explore additional assets other than those included in the Assets Under Consideration table for inclusion in Grayscale Products. Similarly, assets could be included in the Grayscale Product family without first being listed on this table.”
Cryptocurrency
