Crypto

Grayscale adds 1inch, Loopring, Curve, Solana, Polygon and 8 cryptocurrencies to its roster.

Grayscale has never stopped being talked about over the past two years. Known as the world’s largest cryptocurrency manager, he recently confirmed the addition of 13 new cryptocurrencies to his already long list.

What are grayscale?

Anyone looking to invest in cryptocurrencies through a renowned crypto asset manager knows well that Shades of gray manager to contact. Recall that this is a subsidiary of the Digital Currency Group, which specializes in the work of the listed trusts. At the beginning of his career, in 2013, he became known for his Grayscale Bitcoin Trust (GBTC), which still borrows over $ 25 billion from its total assets of $ 34 billion.
However, shades of gray love variety. This is what prompts him to be interested in other cryptocurrencies. Last February, he considered adding 23 new products to his list, but ended up choosing only five. This represents only 0.1% of its assets.

However, he does not intend to stop there, since he already intends to add 13 more products to his list.

What 13 products are included in Grayscale’s Finder?

The information is circulated for some time in order to finally confirm it by the company. The latter actually plans to add 13 more products to its list. These include Bancor (BNT), Loopring (LRC), Curve (CRV), 1 “(1”), Kyber Network (KNC), Universal Market Access (UMA), Near (NEAR), Ren (REN), Kava (KAVA), Ox (ZRX), Internet Computer (ICP), Polygon (MATIC) and Solana (SOL)
For this new project, he staked on highly demanded tokens, as well as little demanded tokens, but at a high speed, including Solana and Near.

There are 31 objects on his list now, but Shades of gray has already indicated that they will not join all of its investment products. The company will leave only a few, or even none if it deems that they are not relevant enough. Now his main difficulty is to choose between them.

There is no doubt that even if the company adds even more cryptocurrencies to its roster, Bitcoin will remain its flagship corner. The latter represents 73% of its assets, and apparently most organizations also favor the latter.

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The comments and opinions expressed in this article are those of the author only and should not be construed as investment advice. Do your own research before making any investment decisions.

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