Grayscale is considering adding 13 new crypto assets

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Grayscale is a financial services firm that offers investment in digital assets. In 2017, it launched the first crypto investment vehicle for retail investors, the Bitcoin Investment Trust, which became the first and biggest market-cap-weighted bitcoin investment vehicle in existence.

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Grayscale is considering adding 13 new crypto assets 3

Grayscale, the cryptocurrency investment company behind the popular Bitcoin (BTC) and Ethereum (ETH) investment vehicles, is considering adding 13 new cryptocurrencies to their portfolio, according to sources. The company is being led by the founders of Bitcoin IRA (a custodian service for Bitcoin) and is said to be evaluating between 15 and 20 coins, some of which are yet to be listed on existing exchanges. It is not clear whether Grayscale will list individual coins or offer a more comprehensive exchange-traded fund (ETF). The company has also partnered with CoinShares, a cryptocurrency investment firm, to create a cryptocurrency index fund.

Summary of the situation – Grayscale has internet computers and various DeFi tokens in its collection. – The crypto currency manager promises to work with MakerDAO, Polkadot and Aave. Grayscale was considering expanding its list of assets. The investment giant announced Thursday that it will list 13 new cryptocurrencies. You can see on the list several evolving components that provide a stable ETH network so far. The selected crypto-currencies are Solana, NEAR, Internet Computer and Polygon, which are rising in price. This collection also included DeFi pieces such as Kava, 1inch, Kyber, Ox, Ren, Curve and Bancor. But that’s not all, as the company has also announced that it will be partnering with Polkadot, MakerDAO and Aave.

Greyscale and its role in cryptocurrencies


Grayscale manages a significant portion of cryptocurrencies and is considered the largest administrator in the world. The cryptocurrency Grayscale holds more than $34 billion, according to data obtained last week. The company works with trust funds, such as dollars, and sells shares to accredited investors. This company has been operating since 2013, so in theory it has been supporting cryptocurrencies since its inception. Grayscale’s flagship product, however, is its group of digital currencies, which is dedicated to making a strong entry into the virtual market.

Latest announcements from crypto-currency operators

Grayscale updates its collection of crypto-currencies. This shows that the company is transparent and committed to the new blockchain technology. The company also hinted that not all cryptocurrencies it targets will be available for investment. Instead, Grayscale analyzes the internal control factors, regulations, custodial agreements, and volatility of each cryptocurrency. Then, in theory, the company verifies that the cryptocurrency is safe and can be used as leverage. The huge list of new tokens the company has in its custody indicates that it is preparing for something big for investors. The company is aware of the growth of the market and intends to benefit from it. Scalable blockchains and DeFi tokens have attracted investors in recent weeks. If a trader wants to use investment products with single assets, the company offers 13 tokens. Many of these investments are managed by a leading organization, the Digital Currency Group. Grayscale works with Bitcoin, Bitcoin Cash, Ethereum and Horizen. Grayscale closes the list with Litecoin, Ehterum classic, Basic Token, Zcash, Filecoin, Stellar Lumens, Decentraland and Livepeer. While not all of these cryptocurrencies are popular, at least three are among the favorites. Investors from different countries have benefited from the company’s modus operandi, which promises security and control. In this way, the trader is sure that he can invest and can be largely sure that he will make a profit in the market.

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