Cryptocurrency asset management behemoth, Grayscale Investments, has just announced the list of digital assets currently held by the company. The firm also revealed the crypto tokens, it wishes to add into the Grayscale future investment products.
Recently, Grayscale, the world’s biggest digital currency asset manager, declared to sue the Securities and Exchange Commission (SEC) after the US regulator rejected its proposal to list a spot Bitcoin ETF. Just after an hour of the SEC rejecting its ETF bid, Grayscale, started the litigation process to appeal the decision by filing a petition with the US Court of Appeals.
Today, the SEC denied our application to convert $GBTC to a spot #Bitcoin ETF. 🧵
— Grayscale (@Grayscale) June 30, 2022
How Does the Portfolio Look Like?
Here’s a look at our investment funds as of 7/11/2022.
AUM and other stats on all Grayscale products are updated daily on our website: https://t.co/7aUMxxUsPW$BAT $BCH $BTC $ETC $ETH $FIL $LINK $LPT $LTC $MANA $SOL $XLM $ZEC $ZEN pic.twitter.com/oLgsWbWJqs
— Grayscale (@Grayscale) July 11, 2022
According to the official blog post, Grayscale has published a detailed report of its newest funds for the second quarter of 2022. The list comprises of all the company’s products and services. The dossier was catalogued under two categories namely, “Assets Currently in the Grayscale Product Family” and “Assets Under Consideration”. The asset manager wrote,
“With our most recent update in July 2022, we’ve made 3 additions to our assets under consideration. We will continue to update this list as the digital asset ecosystem expands and we review additional assets.”
As per another report, crypto assets including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Solana (SOL), Uniswap (UNI) among other digital tokens dominate the portfolio. BTC accounts for almost 68 per cent of the fund’s new structure. ETH secures the second place with 25.22 per cent. As per the data, the rest of the fund is made up of ADA, SOL and AVAX gaining a net 2.71 per cent, 2.23 per cent, and 0.96 per cent. Grayscale’s DeFi Fund portfolio has also witnessend a restructuring.
The Digital Assets Under Consideration
Meanwhile, the digital assets under consideration consists of 1inch (1INCH),APE (Apecoin), Axie Infinity (AXS), The Sandbox (SAND), Tezos (XTZ) and Gala (GALA) including many more. Grayscale explained that not all the tokens listed under this category will be included in the future basket and the company may explore some more such digital assets before finally zeroing on. The cryptocurrency asset management giant added,
“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.”