Grayscale Investments, the world’s largest crypto asset manager, has in a recent official announcement confirmed that it’s currently considering new product offerings in VeChain (VET), IOTA (MIOTA), EOS, and a number of other digital currencies.
The new development was shared via the asset manager’s official Twitter handle on 25th January 2022. The firm came up with the list as a result of its quest to better meet the growing investor demand for exposure to other emerging cryptocurrencies.
Read Also: VeChain Toolchain Adopted By a Premium Ginseng Snack Producer in China for Quality and Brand Enhancement
Grayscale currently offers accredited investors eight single-asset investment trusts and one diversified fund, including Bitcoin Trust, Ethereum Trust, among others.
The following are the digital assets under consideration as listed by the digital asset management company:
0x (ZRX), 1inch (1INCH), Algorand (ALGO), Arweave (AR), Avalanche (AVAX), Axie Infinity (AXS), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), EOS (EOS), Fantom (FTM), Flow (Dapper Labs) (FLOW), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Internet Computer (ICP), IOTA (IOTA), Kava (KAVA), Loopring (LRC), Monero (XMR), NEAR (NEAR), Numeraire (NMR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), Ren (REN), Reserve Rights (RSR), Secret (SCRT), Spell (SPELL), Stacks (STX), Terra (LUNA), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Universal Market Access (UMA), VeChain (VET), and Yield Guild Games (YGG).
We’ve updated our list of digital assets under consideration for 2022. See what’s new, and learn more about what this means: https://t.co/GahLhJUgwk$ALGO $AR $ATOM $AXS $BORA $BTT $CVX $DCR $EGLD $ENJ $FTM $GALA $GEL $HNT $HOT $IOTA $ROSE $SCRT $SAND $SPELL $STX $VET $YGG
— Grayscale (@Grayscale) January 24, 2022
According to the report, before all the above-listed digital assets can become investment products, they have to undergo a process similar to those that are already offered by the digital asset manager, Grayscale.
Read Also: European Commission Selects IOTA for Blockchain Infrastructure Project
This implies that there is no guarantee that assets named in the list above will become investment products of the firm:
“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.”
This news is republished from another source. You can check the original article here
Be the first to comment