Grayscale Investments, the world’s largest crypto asset manager with approximately $30.6 billion in net assets under management, announced Monday that it has updated its list of digital assets under consideration for 2022, adding 25 new assets to bring the total to 43 coins.
Breakdown of New Additions
The “Assets Under Consideration” list comprises digital assets not yet included in any Grayscale investment product but identified as potential candidates for future offerings. In this update, Amp (AMP) is the sole digital asset added to the Grayscale product family column.
The 25 newly added assets under consideration are: Algorand (ALGO), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), Bittorrent (BTT), Bora (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Iota (IOTA), Oasis Network (ROSE), Secret (SCRT), Spell (SPELL), Stacks (STX), The Sandbox (SAND), Universal Market Access (UMA), VeChain (VET), and Yield Guild Games (YGG).
Grayscale: A Complex and Rigorous Process
Grayscale emphasized that “the process of creating an investment product similar to the ones we already offer is a complex, multifaceted process. It requires significant review and consideration and is subject to our internal controls, custody arrangements, and regulatory considerations, among other things.” Being on the under-consideration list does not guarantee a future product launch, but it signals continued evaluation by the firm.
Industry Impact and Outlook
As the largest crypto asset manager globally, Grayscale’s selections often serve as a bellwether for institutional interest. Its existing product lineup includes single-asset trusts like GBTC and ETHE, as well as diversified funds. The expansion of the candidate list reflects Grayscale’s recognition of a broader crypto ecosystem, especially sectors like DeFi, GameFi, and the metaverse. The inclusion of projects such as Axie Infinity, The Sandbox, and Yield Guild Games highlights the growing institutional appetite for gaming and virtual economy tokens.
Historically, Grayscale has successfully transitioned several assets from the under-consideration list into full-fledged investment products. Market participants expect some of these new candidates to eventually become trusts or ETFs over the next year, though regulatory hurdles remain, particularly with the SEC’s cautious stance on crypto ETFs.
Investors should monitor upcoming Grayscale announcements for clues on which assets will move into the product family. Meanwhile, the firm’s continued growth in assets under management (exceeding $30 billion) solidifies its pricing power and influence in the crypto market.