The crypto-focused firm Grayscale Investments, who currently holds 24 assets, has added 25 new assets to a running list of investments.
The most recent addition was Amp (AMP), which Grayscale added to its DeFi Fund earlier this month. AMP is the native token of the Flexa network, which enables crypto-collateralized payments at stores and online.
From the DeFi Fund, Grayscale has removed Bancor (BNT) and Universal Market Access (UMA), however, BNT and UMA remain on their consideration list.
The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC.
As the digital currency market has emerged and evolved, Grayscale became leading partner to investors as they deploy capital into this new asset class.
With the addition of the 25 assets, the firm is now evaluating 43 new assets. In October Grayscale added Solana (SOL) and Uniswap (UNI) to its Digital Large Cap Fund. The company Grayscale said in a statement:
“The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process. It requires significant review and consideration and is subject to our internal controls, custody arrangements, and regulatory considerations, among other things.”
In the coming weeks, Grayscale is also expected to launch Futures ETF, investing in the stocks of companies with exposure to the digital economy.
Grayscale ran $43.6 billion overall at the end of 2021, of which $22 billion of the firm’s assets were locked in the Grayscale Bitcoin Trust GBTC.
