Grayscale is investigating 13 other crypto assets for its trusts


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Institutional asset manager Grayscale has announced that 13 more crypto assets are currently being considered for its suite of crypto investment trust products.

The potential assets revealed on June 18 mainly represent the Decentralized Financial (DeFi) sector, including 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access and 0x.

The native tokens of the scalable high-speed blockchain networks Solana, Near and Dfinity have also been added to Grayscale’s list of cryptocurrencies under consideration.

The additions bring the total number of assets studied by Grayscale to 31. Grayscale currently offers products that track the performance of 13 different assets.

Grayscale emphasizes that “not every asset considered is converted into one of” [its] Investment Products, ”and this certainly seems to have been the case with previously announced assets like Cardano, Eos and Tezos.

Grayscale launched five new trusts on March 17th and launched products for Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer. These five trusts currently represent only 0.1% of Grayscale’s $ 34.4 billion in assets under management (AUM).

According to CoinShares, Grayscale’s trusts represent 75% of the total $ 44.3 billion in assets managed in institutional crypto-investment products.

The Grayscale Bitcoin Trust represents 73% of Grayscale’s total AUM (and more than 56% of the combined assets managed in crypto investment products in general).

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The company’s Ethereum Trust has also grown this year, accounting for nearly 22% of the capital it manages. All of the other trusts managed by Grayscale together account for approximately 5% of the company’s AUM.

More than $ 2.3 billion has been invested in Grayscale’s trusts since early 2021.