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$3,561.87 1.99769
Ethereum price
BNB
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$581.45 2.66649
BNB price
Solana
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$185.75 2.8494
Solana price
XRP
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$0.6191600 1.76771
XRP price
Shiba Inu
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$0.0000317 5.52177
Shiba Inu price
Pepe
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$0.0000080 5.87366
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Bonk
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$0.0000287 12.60706
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Bitcoin
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$70,797.00 3.29005
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Ethereum
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$3,561.87 1.99769
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BNB
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$581.45 2.66649
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Solana
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$185.75 2.8494
Solana price
XRP
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$0.6191600 1.76771
XRP price
Shiba Inu
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$0.0000317 5.52177
Shiba Inu price
Pepe
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$0.0000080 5.87366
Pepe price
Bonk
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$0.0000287 12.60706
Bonk price
Bitcoin
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$70,797.00 3.29005
Bitcoin price
Ethereum
Ethereum (ETH)
$3,561.87 1.99769
Ethereum price
BNB
BNB (BNB)
$581.45 2.66649
BNB price
Solana
Solana (SOL)
$185.75 2.8494
Solana price
XRP
XRP (XRP)
$0.6191600 1.76771
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000317 5.52177
Shiba Inu price
Pepe
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$0.0000080 5.87366
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Grayscale Exploring “New Investment Products” Based on DOT, LINK, ADA, AAVE, Others

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Grayscale Exploring “New Investment Products” Based on DOT, LINK, ADA, AAVE, Others

The crypto asset management behemoth is exploring a swathe of altcoins for new investment products.

Grayscale Exploring 23 Tokens for New Investment Products

Grayscale, a New York-headquartered digital asset management firm with assets worth over billions of dollars under management recently announced it is exploring the option to launch “new investment products” based on a wide range of digital assets.

According to the announcement, Grayscale is exploring several blue-chip DeFi tokens such as Aave (AAVE), MakerDAO (MKR), Sushiswap (SUSHI), Uniswap (UNI), and Yearn Finance (YFI), among others. In addition, the firm is also eyeing Ethereum competitors such as Cardano (ADA), Tezos (XTZ), Cosmos (ATOM), and EOS (EOS).

Interestingly, Grayscale also included privacy-preserving cryptocurrency Monero (XMR) into its list of potential coins for the new investment offering. As reported previously by BTCManager, privacy-centric cryptocurrencies have typically not sat well with financial regulators across the world.

Moreover, the list also includes several low-cap cryptocurrencies ranking below 100 or having under $500 million market capitalization at the time of press such as Reserve Rights (RSR), Numeraire (NMR), and Livepeer (LPT).

Commenting on the development, Grayscale CEO, Michael Sonnenshein, noted:

“We’re eager to expand our product offerings to better serve our investors. The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.”

Adding:

“We may not turn each of these assets into one of our landmark investment products,” continued Sonnenshein. “But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.”

Institutions Filling their Crypto Bags

A stark difference between the ongoing bull run and the bull run toward the end of 2017 is the degree of institutional money flowing into the cryptocurrency industry.

As reported earlier, publically-listed companies such as MicroStrategy and Tesla have already announced large buys of the largest cryptocurrency by market cap which could be the starting point for institutional-level FOMO for cryptocurrencies.

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