Grayscale’s Game-Changing Announcement
In an exciting twist in the crypto realm, Grayscale, the largest crypto asset manager in the world, has just upped the ante by adding 25 new cryptocurrencies to its investment consideration list. Each coin carries a unique charm and challenges the status quo. Will they make the cut? Time will tell!
Meet the New Contenders
Among the new contenders are well-known tokens like VeChain (VET), Iota, Monero (XMR), and the play-to-earn marvel, Axie Infinity (AXS). These tokens are vying for a spot in Grayscale’s lineup along with a handful of newcomers like:
- Algorand (ALGO)
- Arweave (AR)
- Bancor (BNT)
- BitTorrent (BTT)
- Helium (HNT)
- Secret (SCRT)
- Yield Guild Games (YGG)
- and many more!
With such an eclectic lineup, it’s like a crypto dance party where every token hopes to be the last one standing!
Grayscale’s Current Standing
As of now, Grayscale boasts an impressive $55 billion in assets under management (AUM). Among its offerings, the Grayscale Bitcoin Trust and Ethereum Trust make up a solid $31.2 billion. Meanwhile, their DeFi Fund is still struggling at $7 million but we believe in second chances!
What’s Cooking Behind the Scenes?
Grayscale isn’t alone in the spotlight. Coinbase has jumped into the fray by adding four relatively unknown tokens—Cryptex (CTX), DIA, Maple (MPL), and Unifi Protocol DAO (UNFI). These tokens may not be frontrunners yet, but their inclusion indicates a commitment to diversifying options in 2022.
Perspectives from the Ground
In a recent chat, Joe Sticco, co-founder of Cryptex, shared insights about the potential impact of their Coinbase listing. He gleefully said it allows the project to grow “nimble and community-driven.” It’s all about scaling new heights, folks, small steps today lead to giant leaps tomorrow!
Final Thoughts
With Grayscale’s decision to consider these assets, a thrilling era of crypto investment is upon us. We can only brace ourselves for the twists and turns this journey will bring. Buckle up, because the future of finance looks like it’s going to be a wild ride!
