Grayscale, one of the most influential players in the crypto market, has expanded its watchlist to include 35 altcoins. This update reflects the firm’s continued evaluation of potential assets for future investment products.
Grayscale’s Latest Altcoin Watchlist Revealed
On October 11, Grayscale released its updated list of crypto assets under consideration for inclusion in its future investment products. The company updates this list within 15 days after each quarter’s end, as part of its regular assessment of the expanding altcoin ecosystem. With the latest update, 35 altcoin projects are now part of Grayscale’s watchlist. These include notable names such as Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Polygon (POL), Toncoin (TON), Dogecoin (DOGE), and Worldcoin (WLD).
Assets Under Consideration Update: Learn about the diverse digital assets we’re considering for future investment products and explore those already part of our offerings. Are we missing anything? 🤔
Read the full list and article: https://t.co/Tr5lU1CSSQ pic.twitter.com/dSvIdlcf9c
— Grayscale (@Grayscale) October 11, 2024
Grayscale’s Aave Trust Boosts AAVE Price
Following the launch of Grayscale Aave Trust, the price of AAVE saw a recovery, climbing back above $140. Prior to this announcement, AAVE had dipped to $135 due to a sell-off across the broader crypto market. The launch of the Aave Trust provided a spark for the token’s recovery.
In an official statement, Grayscale announced the opening of Aave Trust, allowing investors exposure to AAVE, the governance token of the Aave decentralized finance (DeFi) platform. Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, commented on the development, stating, “Grayscale Aave Trust provides investors with exposure to a protocol that has the potential to revolutionize traditional finance. By leveraging blockchain technology and smart contracts, Aave optimizes lending and borrowing while reducing reliance on intermediaries and human decision-making.”
Aave Trust: What You Need to Know
Grayscale also clarified that the Aave Trust is open to accredited individual and institutional investors. Similar to Grayscale’s other single-asset trusts, the Aave Trust allows investors to gain exposure to only the AAVE token. The net asset value (NAV) per share is currently $13.88, and the assets under management (AUM) amount to $151,281.
As one of the leading providers of crypto investment products, Grayscale continues to pioneer in the space, with over 20 crypto funds currently under its management.
