Digital asset manager Grayscale Investments announced in its announcement that 25 new altcoins, including high-profile tier-1 and Metaverse altcoins, altcoin announced that it is considering adding it to its own investment pool.
Grayscale Announces 25 New Altcoins For Scrutiny
If altcoins are found to be worth the investment as a result of the review, they can have their own Grayscale product, similar to the Grayscale Bitcoin Trust or the Grayscale Chainlink Trust. Among the altcoins that the giant company is examining, Algorand (ALGO), Cosmos (ATOM), Axie Infinity (AXS), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Phantom (FTM), Gala (PREMIERE), Secret Network (SCRT), Sandbox (SAND), stacks (STX), VeChain (VET) and Yield Guild (YGG) exists.
We’ve updated our list of digital assets under consideration for 2022. See what’s new, and learn more about what this means: https://t.co/GahLhJUgwk$ALGO $AR $ATOM $AXS $BORA $BTT $CVX $DCR $EGLD $ENJ $FTM $GALA $GEL $HNT $HOT $IOTA $ROSE $SCRT $SAND $SPELL $STX $VET $YGG
— Grayscale (@Grayscale) January 24, 2022
However, Grayscale does not consider anything they examine. cryptocurrency He also underlined that there is no guarantee that he will have an investment product of his own. The company also said in its statement that the number of cryptocurrencies under review may increase.
In its statement on the subject, the company said: “Creating an investment product is indeed a complex and multifaceted process. It requires a very careful process of scrutiny and reflection, including internal controls, oversight arrangements, and implementation of supervisory considerations.”
Although Grayscale does not make any guarantees for the altcoins in question, some of the cryptocurrencies on the list reacted positively to this news and rose at double-digit rates.