According to Cointelegraph, crypto asset manager Grayscale announced the addition of 35 altcoins to its list of assets under consideration for future investment products. This update, shared in an Oct. 10 blog post, categorizes the potential investments into five primary groups: currencies, smart contract platforms, financials, culture, and utilities.
Smart Contract Platforms Dominate Grayscale’s New List
Grayscale has shown a strong focus on smart contract platforms, with 16 tokens from various networks now under evaluation. Among the platforms listed are:
Aptos (APT) and Sei (SEI) – Alternative Layer 1 blockchains
Celestia (TIA) – A data availability network
Mantle (MNT) – An Ethereum scaling solution
Additional tokens include Arbitrum (ARB), Cosmos (ATOM), Polygon (MATIC), Toncoin (TON), and Tron (TRX).
This emphasis highlights Grayscale’s focus on emerging technologies that could rival Ethereum in the smart contract space, signaling potential future investment opportunities in these blockchain networks.
Solana-Based Projects Under Review
Grayscale is also exploring three Solana-based projects for potential inclusion:
Jupiter (JUP) – Decentralized exchange token
Pyth (PYTH) – Blockchain oracle
Helium (HNT) – Decentralized infrastructure network
These projects reflect Grayscale’s interest in Web3 infrastructure and decentralized finance (DeFi) solutions.
Memecoins and Gaming Networks Get Consideration
Under the consumer and culture category, Grayscale is evaluating:
Dogecoin (DOGE) – A popular memecoin
Immutable (IMX) – Crypto gaming network
Other cultural tokens under consideration include Basic Attention Token (BAT) and Decentraland (MANA), indicating Grayscale’s focus on digital assets with significant community-driven value.
Grayscale’s Current Products and Recent Expansion
Grayscale currently offers 30 investment products, comprising:
25 single and diversified investment trusts for individual cryptocurrencies
Four ETFs covering a range of digital assets
One dynamic income fund
This new list of potential investments follows Grayscale’s recent expansion, which included:
Aave investment fund launch on Oct. 3
XRP Trust launch on Sept. 12
Avalanche fund debut on Aug. 22
Grayscale: A Leading Bitcoin and Ethereum Asset Manager
Grayscale is one of the largest institutional holders of Bitcoin (BTC), with 222,300 BTC worth $12.8 billion held in the Grayscale Bitcoin Trust ETF (GBTC). Since converting GBTC into an ETF in January, the firm has become a significant Bitcoin seller, with investors liquidating a net $20 billion worth of GBTC shares.
Additionally, after launching two spot Ether ETFs in July, Grayscale experienced significant outflows from these new products, reflecting market volatility and shifting investor sentiment.
A Strategic Move Toward Broader Cryptocurrency Investment
Grayscale’s decision to explore new altcoin investments and expand its product offerings highlights its ongoing effort to diversify its portfolio and capture emerging trends in the cryptocurrency market. The inclusion of smart contract platforms, memecoins, and decentralized finance projects indicates Grayscale’s intent to align with key growth areas in blockchain technology.
As one of the largest crypto asset managers globally, Grayscale’s strategic expansion signals a bullish outlook for Bitcoin, Ethereum, and other digital assets as the firm positions itself to meet growing investor demand.
