Grayscale Targets Dogecoin & Worldcoin Investment Products

Highlights:

• Grayscale is considering 35 altcoins to launch possible investment products.
• Dogecoin, Worldcoin, and other popular community projects top the list. 
• Users laud the diversity of products in line with the firm’s objectives to boost web3 adoption. 

Asset management firm Grayscale has listed 35 altcoins in its lists of assets under consideration for investment products. The firm continues to expand its investment suite, citing user needs and evolving digital asset market. This year, institutional investment into web3 and crypto assets has soared following the approval of spot Bitcoin ETFs. 

Grayscale Considers New Investment Products 

Grayscale has listed new altcoins under consideration for investment products as part of its commitment to diversify user portfolios. In a recent release, the crypto asset management firm notified the public of new developments in line with future projects.

“Accordingly, we’re excited to share this list of assets under consideration for inclusion for future Grayscale investment products, along with an up-to-date list of assets that are already part of our product family. Both lists are grouped according to our Grayscale Crypto Sectors framework, which we have designed to help set a standard for organizing the crypto asset class.”

Dogecoin and Worldcoin Top List 

The new assets under consideration comprise 35 altcoins, including popular Dogecoin and Worldcoin. Per the release, it will feature Kaspa, Aptos, Arbitrum, Celestia, Mantle, Internet Computer, Polygon, Starknet, Tron, Immutable, Ethena, etc.

Assets Under Consideration Update: Learn about the diverse digital assets we’re considering for future investment products and explore those already part of our offerings. Are we missing anything? 🤔

Read the full list and article: https://t.co/Tr5lU1CSSQ pic.twitter.com/dSvIdlcf9c

— Grayscale (@Grayscale) October 11, 2024

The firm’s products are divided into several categories allowing users to choose according to their needs. The crypto assets category must serve one of three needs including acting as a unit of exchange, a store of value, and a unit of account. Smart contracts and layer 1 blockchains, must serve as a baseline for executing contracts. Other categories include consumer, culture, and services. 

Grayscale pointed out that assets could make the final products suite without being included in this list. Dogecoin has ignited several users based on growth projections this year. Basically, bulls set sights on an increased rally on the heels of increased institutional investment and positive macro factors. DOGE trades at $0.1158, a 2% surge in the last 24 hours, adding to its impressive monthly run. 

Users Laud Diverse Offerings 

Grayscale has received accolades from the crypto community across social media spaces in the past months. Crypto users termed the assets under consideration a step in the right direction needed to boost adoption, especially on the institutional front. 

Previously, Grayscale launched an AAVE and Sui Trust, sparking interest in those communities. The investment manager noted this will drive user exposure to respective products amid present macro conditions. Grayscale remains popular for its Bitcoin and Ethereum offerings in the market after the approval of spot ETF products in the United States.