Grayscale Investments, the largest cryptocurrency asset manager, is exploring new cryptocurrencies for potential new product offerings, the company announced in a press release.
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Currently, the company is exploring the following assets: aave (AAVE), basic attention token (BAT), cardano (ADA), chainlink (LINK), compound (COMP), cosmos (ATOM), decentraland (MANA), EOS (EOS), filecoin (FIL), flow (Dapper Labs) (FLOW), livepeer (LPT), makerdao (MKR), monero (XMR), numeraire (NMR), polkadot (DOT), reserve rights (RSR), stacks (STX), sushiswap (SUSHI), synthetix (SNX), tezos (XTZ), the graph (GRT), uniswap (UNI), and yearn finance (YFI).
Grayscale CEO, Michael Sonnenshein, notes the company may not include each of the above mentioned assets into its landmark investment products.
"But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space," he added.
iHodl earlier reported that the value of the bitcoin, ether and other cryptocurrencies held in Grayscale Investments' funds exceeded $40.9 billion. Thus, the value of funds under the Grayscale management doubled since January 1, 2021, as the price of bitcoin and other cryptocurrencies reached new all-time highs.
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