Grayscale Foundation named 35 investable altcoins

The investment fund Grayscale has added 35 altcoins to its list of assets under consideration for future investment products. The list is categorized into five main sectors: currencies, smart contract platforms, finance, consumption and culture, and utilities and services. Notably, the majority of the listed altcoins are related to smart contract platforms, with 16 tokens from various networks currently under review.

Currencies

Crypto assets that fulfill at least one of three primary functions: a medium of exchange, a store of value, or a unit of account.

• Kaspa (KAS)

Smart Contract Platforms

Includes crypto assets that serve as foundational tools upon which smart contracts are developed and implemented.

• Aptos (APT)
• Arbitrum (ARB)
• Celestia (TIA)
• Celo (CELO)
• Core (CORE)
• Cosmos (ATOM)
• Internet Computer (ICP)
• Mantle (MNT)
• Metis (METIS)
• Neon (NEON)
• Optimism (OP)
• Polygon (POL, formerly MATIC)
• Sei (SEI)
• Starknet (STRK)
• Toncoin (TON)
• TRON (TRX)

Finance

Includes crypto assets aimed at facilitating financial transactions and services.

• Aerodrome (AERO)
• Ethena (ENA)
• Injective Protocol (INJ)
• Jupiter (JUP)
• Mantra (OM)
• Ondo Finance (ONDO)
• Pendle (PENDLE)
• THORChain (RUNE)

Goods and Services

Includes crypto assets that support activities focused on the consumption of various goods and services.

• Dogecoin (DOGE)
• Immutable (IMX)

Utilities and Services

Includes crypto assets aimed at developing practical applications and functionalities at the enterprise level.

• Akash (AKT)
• Arweave (AR)
• Artificial Superintelligence Alliance (FET)
• Helium (HNT)
• Pyth (PYTH)
• UMA Project (UMA)
• VeChain (VET)
• Worldcoin (WLD)

Grayscale Investments is a company that manages cryptocurrency trusts and other investment products. Grayscale is one of the largest institutional holders of Bitcoin, with 222,300 BTC valued at $12.8 billion held in the Grayscale Bitcoin Trust ETF (GBTC). Following the conversion of GBTC to an ETF in January, investors withdrew assets totaling around $20 billion.

Source: Grayscale