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Grayscale’s Investment Diversification! Plan to Invest in 23 Altcoins

The world’s biggest cryptocurrency asset management firm Grayscale Investments has announced a list of 23 Altcoins that are into consideration for investment.

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The firm seems to consider some DeFi Apps, ‘Ethereum Killers’, small-cap tokens, and some mainnets as tentative/probable options for investments. It’s a list that is quite varied in nature and it can be easily implied that the firm is going for a huge diversification of investments in the digital currency investment ecosystem.

Here’s the complete list.

  1. Aave (AAVE)
  2. Basic attention token (BAT)
  3. Cardano(ADA)
  4. Compound (COMP)
  5. Cosmos (ATOM)
  6. Decntraland (MANA)
  7. EOS (EOS)
  8. Filecoin (FIL)
  9. Flow (dapper labs) (FLOW)
  10. Livepeer (LPT)
  11. Maker Dao (MKR)
  12. Monero (XMR)
  13. Numeraire (NMR)
  14. Polkadot (DOT)
  15. Reserve Rights (RSR)
  16. Stacks (STX)
  17. Sushiswap (SUSHI)
  18. Synthetix (SNX)
  19. Tezos (XTZ)
  20. The Graph (GRT)
  21. Uniswap(UNI)
  22. Yearn Finance (YFI)
  23. Chainlink (LINK)

Grayscale CEO Michael Sonneshein about the investment plan.

“We’re eager to expand our product offerings to better serve our investors, the digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class”.

This move is proof that big funds are not afraid of investing in ALTcoins, instead, they look at it as a diversifying option to hedge their investment. This list instills a lot of hope for the future of altcoins, and is a testament that digital currency space will evolve beyond Bitcoin and Ethereum.

Grayscale holds a lot of value in BItcoin and Ethereum too, which they have no plan of selling off, which indicates that the firm is increasing its horizon of investment options in order to provide its investor base a diverse portfolio and have indulgence in all the ecosystems of the rapidly growing digital assets and investment space.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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