Grayscale is looking at 13 additional crypto assets for its DeFi trusts.

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Grayscale has added 13 additional cryptocurrencies to its list of assets under evaluation, indicating a renewed focus on DeFi.

Grayscale, an institutional asset manager, has announced that 13 more crypto assets are being considered for its suite of crypto investment trust products.

The possible assets, which were revealed on June 18, mostly represent the decentralised finance (DeFi) sector, and include 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x.

The native tokens of high-speed scalable blockchain networks Solana, Near, and Dfinity have also been added to Grayscale’s list of considered cryptocurrencies.

Grayscale’s total number of assets under investigation now stands at 31. Grayscale presently provides solutions that measure the performance of 13 distinct assets.

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Grayscale notes that “not every asset under consideration will be converted into one of [its] investment products,” which appears to be the case with previously disclosed assets under consideration such as Cardano, Eos, and Tezos.

 

On March 17, Grayscale launched five new trusts, offering solutions for Basic Attention Token, Chainlink, Decentraland, Filecoin, and Livepeer. These five trusts now account for only 0.1 percent of Grayscale’s $34.4 billion in assets under management (AUM).

Grayscale’s trusts, according to CoinShares, account for 75% of the $44.3 billion in assets handled in institutional crypto investment products.

 

Grayscale Bitcoin Trust accounts for 73% of Grayscale’s entire AUM (and more than 56 percent of the combined assets managed in crypto investment products broadly.)

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This year has also witnessed growth in the firm’s Ethereum Trust, which now accounts for roughly 22 percent of managed capital. Grayscale’s other trusts account for approximately 5% of the company’s total AUM.

Grayscale’s trusts have received almost $2.3 billion in investment since the beginning of 2021.

 

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