Grayscale has an important position in the cryptocurrency market. As such, it frequently evaluates and publishes a report on crypto assets. In its latest updates, Grayscale has expanded the list of assets it considers. Accordingly, the current list includes 35 altcoins.
These 35 altcoins are on Grayscale’s evaluation list!
According to official sources, crypto asset management firm Grayscale announced on October 11 a list of assets being considered for inclusion in future Grayscale investment products. Grayscale updates this list within 15 days from the end of each quarter. The Grayscale team also reviews or re-evaluates additional assets as the altcoin ecosystem expands. After its last update, Grayscale included the following 35 altcoin projects in its list:
Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL ex. MATIC), Sei (SEI), Starknet (STRK), Toncoin (TON), TRON (TRX), Aerodrome (AERO), Ethena (ENA), Injective Protocol (INJ), Jupiter (JUP), Mantra (OM), Ondo Finance (ONDO), Pendle (PENDLE), THORChain (RUNE), Dogecoin (DOGE), Immutable (IMX), Akash (AKT), Arweave (AR), Artificial Superintelligence Alliance (FET), Helium (HNT), Pyth (PYTH), UMA Project (UMA), VeChain (VET) and Worldcoin (WLD).
AAVE price rebounds after Grayscale Aave Trust!
As you have been following on Kriptokoin.com, Grayscale recently announced the launch of Aave Trust. Following this, the altcoin price rose above the $140 mark. Previously, the AAVE price had fallen as low as $135 following a wave of selling in the crypto market. However, this latest development provided a spark for the token.
In a press release, Grayscale announced the creation of the Aave Trust and its going public. The trust will offer investors the opportunity to gain exposure to AAVE, the governance token of DeFi platform Aave. Speaking about the development, Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said: “The Grayscale Aave Trust gives investors exposure to a protocol that has the potential to revolutionize traditional finance. By leveraging Bloclchain technology and smart contracts, Aave’s decentralized platform aims to optimize lending and borrowing while eliminating intermediaries and reducing reliance on human judgment.”
Things to know about Trust
Grayscale also announced that the trust is open for daily subscription by eligible individual and institutional accredited investors. The Aave Trust will be similar to all other Grayscale closed-ended single asset investment trusts. Therefore, it is only possible to invest in the AAVE token instead of a basket of assets. According to the Grayscale website, the net asset value (NAV) per share is currently $13.88. Meanwhile, the fund has $151,281 in assets under management (AuM). Grayscale currently owns more than 20 crypto funds. In this way, it continues to lead the way in crypto investment products.
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