Focus on DeFi: Grayscale Trust Considers Adding 13 Cryptocurrencies

Grayscale Bitcoin Trust accounts for 73% of its total assets under management.

Focus on DeFi: Grayscale Trust Considers Adding 13 Cryptocurrencies

Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, once again showing great interest in DeFi.

Institutional asset manager Grayscale announced that it is currently considering adding 13 additional cryptocurrency assets to its cryptocurrency investment trust product.

These potential assets, disclosed on June 18, primarily represent the decentralized finance (DeFi) space and include 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, 0x and others.

Native tokens for the high-speed scalable blockchain networks Solana, Near and Dfinity have also been added to the list of cryptocurrencies for grayscale consideration.

We are always exploring new assets that can help us expand our investment product offerings. Here are 13 more we will be exploring: 1INCH, BNT, CRV, ICP, KAVA, KNC, LRC, NEAR, MATIC, REN, SOL , UMA, ZRX. Stay tuned for updates as we expand this list!

  • Grayscale (@Grayscale) June 17, 2021

The new additions bring the total number of assets being explored by Grayscale to 31. Grayscale now offers products that track the performance of 13 different assets.

Grayscale emphasizes that “not all of the assets being considered will turn out to be (its) investment products,” as was apparently the case with previously announced assets being considered (such as Cardano, Eos and Tezos).

Grayscale launched five new trusts on March 17, including Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer. these five trusts currently account for just 0.1% of Grayscale’s $34.4 billion in assets under management (AUM).

According to CoinShares, grayscale trusts account for 75 percent of the $44.3 billion worth of assets under management for institutional crypto investment products.

Update 06/17/21: Net assets under management, holdings per share, and market price per share of our investment products.

Total Assets Under Management: $34.4B $BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT

  • Grayscale (@Grayscale) June 17, 2021

Grayscale Bitcoin Trust represents 73% of total assets under management (as well as over 56% of total assets under management for cryptocurrency investment products).

Grayscale Ether Trust has also grown this year, accounting for nearly 22% of capital under management. All other trusts managed by Grayscale represent approximately 5% of AUM.

Since the start of 2021, Grayscale’s trusts have received over $2.3 billion in investments.

Posted by:CoinYuppie,Reprinted with attribution to:
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