VeChain, Iota, Monero and Axie Infinity are among those under consideration to be added to Grayscale’s investment products.
The world’s largest crypto asset manager Grayscale has added 25 coins and tokens to the list of prospective investment products for 2022. The company posted an update on the official website on January 24, revealing the new assets under consideration.
Another significant update was Greyscale’s announcement regarding its DeFi Fund. The asset manager added Amp (AMP) to the fund.
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The Greyscale DeFi Fund currently contains $7 billion in assets under management (AuM). According to data provided by Greyscale, the fund is down 35.8% since July 2021, when it was established.
Greyscale’s current 15 investment products have a combined $55 billion in AuM. The Grayscale Ethereum Trust (ETHE) and Grayscale Bitcoin Trust (GBTC) make up $31.2 billion of the AuM.
Based on CoinGecko data, the selection of the coins under Greyscale’s consideration are among the top 100 by market cap.
VeChain was first launched in 2015 as an ERC-20 token on the Ethereum network. Since then, it has become the native token on the VeChainThor blockchain network. VeChainThor is used for supply chain management by a number of real-world industries.
Founded in late 2015, Iota is the native token of the Iota distributed ledger. This ledger was created to record and execute transactions between devices within the Internet of Things (IoT) sphere.
Axie Infinity was first established in 2018. It serves as the governance token for its play-to-earn namesake game. The game has exploded in the past year. While it traded for $0.97 with a $48 million market cap on January 26, 2021, it has since exploded over fiftyfold, trading for $51.90 with a $3.6 billion market cap exactly a year later, on January 26, 2022.
Grayscale is not the only crypto company out there updating its list of assets. Some significant changes have also taken place on the world’s third-largest crypto exchange, Coinbase.
The exchange, currently with a daily trading volume of nearly $4 billion, added four relatively unknown tokens to its listing on Tuesday, January 25.
The four new tokens listed by Coinbase are Cryptex (CTX), DIA (DIA), Maple (MPL), and Unifi Protocol DAO (UNFI). Currently, neither of the four has reached the 500 by market cap. However, it can provide some insights into the exchange’s plans for 2022.
Coinbase shared its plans to include more assets in its listings in a tweet posted on Monday, January 24.
Cryptex is a decentralized autonomous organization (DAO). It is responsible for managing the TCAP Index, which tracks the overall crypto market cap. Within 24 hours of its listing, Cryptex went up over 10%, trading at $10.79.
Decentralized Information Asset, or DIA for short, is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA token allows the community to participate in the DAO and vote on proposals related to the DIA platform and its products.
Maple is the governance token of the Maple Protocol. The Maple platform allows transparent on-chain financing. The token holders take part in the governance of the platform.
The Unifi Protocol DAO is a suite of blockchains and smart contracts that create and connect DeFi marketplaces and enable cross-chain trading. The token grants access to unique trading opportunities and global protocol governance.
