Grayscale Investment Fund Expands Altcoin Portfolio with 35 Promising Investments

The renowned Grayscale Investment Fund has recently diversified its portfolio by adding 35 altcoins to its list of potential assets for upcoming investment products. The selected cryptocurrencies span five main categories, showcasing a variety of investment opportunities in the digital asset space. One notable trend is the dominance of altcoins associated with smart contract platforms, indicating a growing interest in this sector.

Currencies

Cryptoassets fulfilling fundamental roles such as medium of exchange, store of value, or unit of account.

Smart contract platforms

This category encompasses cryptocurrencies that serve as the underlying infrastructure for smart contract development and execution.

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, formerly MATIC)
Sei (SEI)
Starknet (STRK)
Toncoin (TON)
TRON (TRX)

Finance

This category encompasses crypto assets utilized in securing financial transactions and services.

Aerodrome (AERO)
Ethena (ENA)
Injective Protocol (INJ)
Jupiter (JUP)
Mantra (OM)
Ondo Finance (ONDO)
Pendle (PENDLE)
THORChain (RUNE)

Consumption and Culture

This category includes cryptocurrencies supporting activities focused on consumption of various goods and services.

Dogecoin (DOGE)
Immutable (IMX)

Utilities and Services

This category consists of crypto assets aimed at developing practical applications and functionalities at an enterprise level.

Akash (AKT)
Arweave (AR)
Artificial Superintelligence Alliance (FET)
Helium (HNT)
Pyth (PYTH)
UMA Project (UMA)
VeChain (VET)
Worldcoin (WLD)

Grayscale Investments, a prominent cryptocurrency management firm, oversees various cryptocurrency trusts and investment products. Notably, Grayscale houses a significant amount of Bitcoin, valued at approximately $12.8 billion, within the Grayscale Bitcoin Trust ETF (GBTC). Following GBTC’s transition to an ETF earlier this year, investors have withdrawn approximately $20 billion in assets.

Source: Grayscale