The digital asset manager Grayscale are considering adding an additional 23 Altcoins to their stack, offering them as investment products.
These are the current Altcoins Grayscale are looking at taking on under their wing:
Basic Attention Token (BAT)
Flow (Dapper Labs)
Reserve Rights (RSR)
The Graph (GRT)
Most of these Altcoins were already known to be under Grayscale’s radar when the asset manager registered them for their trust back in January. This includes, Cardano, Aave, Cosmos, EOS, Monero, Polkadot and Uniswap.
Grayscale notes that adding any of these Altcoins and any digital asset to their trust requires elaborate review and consideration. They’ve also mentioned that there’s no guarantee that all of these Altcoins will be offered. All we know is that they are currently considering them.
Grayscale’s CEO Michael Sonnenshein has said the following:
“We may not turn each of these assets into one of our landmark investment products… But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.”
The crypto firm, who has now accumulated more than £501 million worth of (BTC) Bitcoin and (ETH) Ethereum in February alone, offers 8 crypto backed investment products. In addition to the king Bitcoin and Ethereum, they also offer exposure to (LTC) Litecoin, (ETC) Ethereum Classic, (BCH) Bitcoin Cash, (ZEN) Horizon, (ZEC) Zcash, and (XLM) Stellar Lumens through numerous funds and trusts.