Grayscale considers VeChain and Iota as Coinbase lists 4 low-cap coins
Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.
Other assets are consideration are: Algorand (ALGO), Arweave (AR), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Oasis Network (ROSE), Secret (SCRT), Spell (SPELL), Stacks (STX), The Sandbox (SAND), Universal Market Access (UMA), and Yield Guild Games (YGG).
In addition to the 25 coins added to its assets under consideration, Grayscale also said in a Jan. 24 update on its website that it had added Amp (AMP) to its Grayscale DeFi Fund.
We’ve updated our list of digital assets under consideration for 2022. See what's new, and learn more about what this means: https://t.co/GahLhJUgwk$ALGO $AR $ATOM $AXS $BORA $BTT $CVX $DCR $EGLD $ENJ $FTM $GALA $GEL $HNT $HOT $IOTA $ROSE $SCRT $SAND $SPELL $STX $VET $YGG
Grayscale’s current lineup of 15 crypto investment products has $55 billion in assets under management (AUM). The Grayscale Bitcoin Trust and Grayscale Ethereum Trust account for $31.2 billion of the AUM.
The Grayscale DeFi Fund currently has $7 million AUM and is down 35.8% since its inception in July 2021, according to data from Grayscale’s website.
Many of the coins now being considered are among the top 100 coins by market cap according to CoinGecko.
VeChain (VET) was originally launched as an ERC-20 token on the Ethereum network in 2015, but has since become the native token on the VeChainThor blockchain network. The token and the network is used by real-world industries for supply chain tracking
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