Institutional interest in cryptocurrencies has been increasing with adoption over the years. In particular, the SEC’s approval of spot Bitcoin ETF products helped further increase this interest. However, corporate companies do not only have Bitcoin in their baskets. Giant companies invest in many altcoin projects that they see potential in. In this context, analysis firm Arkham took a look at the portfolios of 6 leading investment companies.
Here is the altcoin portfolio of 6 giant investment companies!
cryptokoin.comAs you can follow from , the market follows a fluctuating course. However, corporate companies’ interest in cryptocurrencies continues. Analysis company Arkham conducted a research to give crypto investors and traders an idea. In this context, the analysis company looked at the portfolios of 6 investment companies that stand out with crypto investors. These companies include Paradigm, Andreessen Horowitz (a16z), Blockchain Capital, SCP Spartan Group and Dragonfly.
Arkham’s research yielded interesting results. For example, UNI takes up more space than ETH in the basket of a16z, one of the giant companies. Additionally, new altcoin projects stand out in Spartan Group’s portfolio. The top 3 altcoins that companies include in their portfolios are as follows:
- Paradigm: Ethereum (ETH), Lido DAO (LDO), Optimisim (OP).
- Andreessen Horowitz (a16z): Uniswap (UNI), Compound (COMP), Ethereum (ETH).
- Blockchain Capital: Ethereum (ETH, Aave (AAVE), Uniswap (UNI).
- SCP: Wapped Ethereum (WETH), Wrapped Bitcoin (WBTC), Tether (USDT).
- Spartan Group: Pendle (PENDLE), Beam (BEAM), Galxe (GAL).
- Dragonfly: Bitget Token (BGB), Compound (COMP), Ethereum (ETH).
a16z Crypto publishes 5 rules for token issuance
a16z Crypto published an article today stating that the tension between Blockchain founders and the SEC seems overly heated. The SEC maintains that almost all tokens should be covered by US securities laws. Blockchain developers say this is ridiculous. Despite differences of opinion, the fundamental goal of the SEC and Blockchain founders is the same. In other words, both sides want a fair competition environment. According to a16z Crypto, projects can start with the following five token issuance rules:
1. Do not sell public tokens for fundraising purposes in the US.
2. Let your direction be decentralization.
3. Communication is everything and self-manage accordingly.
4. Be cautious about listing on the secondary market and pay attention to liquidity.
5. Always ensure that the token locking period is at least one year from the token issuance date.
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