Grayscale Eyes 35 Altcoins for Future Investment Products

Grayscale, a major crypto asset manager, is evaluating 35 altcoins, including Dogecoin and Worldcoin, for potential future investment products.

In a blog post on October 10, the firm organized these assets into five categories: Currencies, Smart Contract Platforms, Financials, Culture, and Utilities.

Most of the new additions focus on smart contract platforms, such as Aptos , Sei , Celestia , and Mantle . Grayscale is also considering tokens from Arbitrum , Cosmos , Polygon , Toncoin , and Tron , as well as three Solana -based projects— Jupiter , Pyth , and Helium .

Dogecoin and Immutable are being explored for the “Culture and Utilities” category, alongside existing products like Basic Attention Token and Decentraland .

Grayscale currently offers 30 investment products, including 25 cryptocurrency trusts and four ETFs. This consideration of new assets comes after the launch of funds for Aave , XRP , and Avalanche .

As one of the largest institutional Bitcoin holders, Grayscale manages about 222,300 BTC , valued at roughly $12.8 billion in its Grayscale Bitcoin Trust ETF (GBTC). Since transitioning GBTC to an ETF, the firm has seen significant outflows, with around $20 billion in shares sold, following the introduction of two spot Ethereum ETFs in July.