Grayscale Looks to Bolster Offerings with 13 More Cryptos, Including Polygon, Solana, ICP

Grayscale Looks to Bolster Offerings with 13 More Cryptos, Including Polygon, Solana, ICP

THELOGICALINDIAN - Cryptocurrency asset administrator Grayscale Investments appear beforehand bygone that it would accede venturing into new crypto advance articles including ones that would clue Solana Polygon and Internet Computer amid added tokens

The added articles that are beneath application would be angry to the afterward cryptocurrencies: Bancor (BNT), Curve (CRV), KAVA (KAVA), Loopring (LRC), NEAR (NEAR), Ren (REN), Ox (ZRX), Universal Market Access (UMA), and Kyber Network (KNC). 

Grayscale’s accepted crypto articles accommodate above cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), alongside abate tokens such as Decentraland (MANA), Stellar Lumens (XLM), and Litecoin (LTC), to name a few. 

Unsurprisingly, Grayscale Bitcoin Trust (GBTC) charcoal the best accepted advance armamentarium with an AUM of $24.1 billion. According to data from Glassnode, GBTC currently holds 651,772.29 Bitcoin. 

Since backward February, GBTC has connected to barter at a abrogating premium, or a discount, acceptation that the bazaar amount of GBTC shares were beneath than its net asset amount (NAV). This was due to a countless of factors, including growing antagonism from crypto ETFs and armamentarium outflows. 

Related Reading | Grayscale Bitcoin Trust (GBTC) Premium Tanks to -19% As More Competition Weighs In 

The exceptional sunk to its everyman akin on March 13 at -21.23%, and recovered to as aerial as -3.83% back the asset administrator hinted appear revamping GBTC as an exchange-traded fund. The accepted GBTC abatement sits at -14.44%. 

Earlier in February, Grayscale said that it would accede dabbling in DeFi by ablution articles tracking protocols Uniswap (UNI) and Polkadot (DOT), alongside 21 added cryptocurrencies. The asset administrator concluded up ablution 5 added funds, including Basic Attention (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT). 

Of the antecedent 13 bill beneath consideration, it charcoal to be apparent how abounding Grayscale will absolutely launch. The asset administrator fatigued that the conception of a new armamentarium is abundantly complicated, and that it “requires cogent analysis and application and is accountable to abundant centralized controls, abundantly defended aegis arrangements, and authoritative considerations.”