Global leader in digital currency asset management, offer single asset & diversified exposure via private & public funds Grayscale Investment takes on the responsibility to introduce investors to a diverse range of digital assets. Grayscale DeFi Fund, now includes AMP.
Some of the other digital assets include Algorand (ALGO) and Convex (CVX) for DeFi projects, The Sandbox (SAND), Axie Infinity (AXS), and Enjin (ENJ) for metaverse protocols.
Some of these assets would either join the range of single-asset products like Grayscale Bitcoin Trust or the Grayscale Ethereum Trust, or the multi-asset product Grayscale Digital Large Cap Fund.
Grayscale views the addition of new digital assets as its “responsibility to introduce investors to the diversity in this space.”
“Assets under consideration lists some digital assets that are not currently included in a Grayscale investment product, but that has come to our attention as part of our exploration of this sector,” the company announcement noted.
Earlier this month, Grayscale re-balanced its DeFi fund quarterly, adding the Flexa’s amp (AMP) token and excluding Universal Market Access (UMA) and Bancor (BNT).
We have just announced updated component weightings for Grayscale #DeFi Fund, which now includes $AMP. This is the first time AMP will be included in a Grayscale investment vehicle. Read this thread for more: pic.twitter.com/jfKAih24cS
— Grayscale (@Grayscale) January 3, 2022
Assets Currently Active
Grayscale already lists an array of 23 cryptocurrencies under its “Grayscale’s Product Family.” This includes Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Solana, Cardano, among other digital assets.
Despite a more complicated market, Grayscale’s desire – to diversify its offer and remain a leader in the smart money segment – remains unchanged.
The asset manager has clearly indicated that the new addition of crypto assets are only hypotheses under study and that Grayscale will not integrate every asset under consideration into its product catalog.
“Grayscale may explore additional assets other than those included in the Assets Under Consideration table for inclusion in Grayscale Products. Similarly, assets could be included in the Grayscale Product family without first being listed on this table,” the firm added.
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