Renowned digital asset manager Grayscale Investments is exploring the addition of thirteen more crypto assets to its suite of investment products. The company’s consideration for these new coins comes as an update to a previous list of crypto assets that it is assessing for integration into its portfolio.
According to their blog post, the new coins are 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA), and 0x (ZRX).
These coins join the list of assets under consideration that includes Aave (AAVE), Cardano (ADA), Compound (COMP), Cosmos (ATOM), EOS (EOS), Flow (Dapper Labs) (FLOW), MakerDao (MKR), Monero (XMR), Numeraire (NMR), Polkadot (DOT), Reserve Rights (RSR), Stacks (STX), Sushiswap (SUSHI), Synthetix (SNX), Tezos (XTZ), The Graph (GRT) Uniswap (UNI), and Yearn Finance (YFI).
Reportedly, this list is set to undergo further updates as the firm continues reviewing more digital assets.
At the moment, Grayscale Investments supports, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), and Livepeer (LPT).
Working to improve service delivery
In a previous publication, Michael Sonnenshein, Grayscale’s CEO, said that these expansion efforts are aimed at bettering service delivery to the company’s investors. The crypto market is constantly changing and Grayscale seeks to find bold, innovative, and interesting opportunities to satisfy customer demand. Apart from this, Sonnenshein said that these additions seek to offer investors customized exposure in the budding industry.
Although the company feels obligated to offer its investors more diversity in the crypto space, it cautioned that not all coins under consideration will get to join its list of signature investment products. Per Grayscale, the process of forging investment products to the ones it currently has is complex and multifaceted.
This news came just before Sonnenshein went on an interview to say that investors are now confident in crypto. According to him, the US regulatory regime has given investors positive guidance that has allowed them to invest in the nascent asset class worry-free.