Grayscale adds LUNA, AVAX and MATIC to the consideration list: details
Mentioned coins and tokens may become grayscale investment products in the near future
One of the leading investment firms in the digital asset sector, Grayscale, has announced a list of considerations that include coins and tokens such as AVAX, LUNA, MATIC, and others.
As the company’s page suggests, the list created includes assets that are not currently owned by Grayscale or presented as investment products, but at the same time are of interest to the company in terms of further exploration.
We’ve updated our list of eligible digital assets for 2022. Check out what’s new and learn more about what this means: https://t.co/GahLhJUgwk$ALGO $AR $ATOM $AXS $BORA $BTT $CVX $DCR $EGLD $ENJ $FTM $GALA $GEL $HNT $HOT $IOTA $ROSE $SCRT $SAND $SPELL $STX $VET $YGG
— Grayscale (@Grayscale) January 24, 2022
Listed coins and tokens may be considered candidates for inclusion in investment products that may be released in the future. At the same time, some assets may not be on the list and will be listed later in Grayscale’s product family.
As the informational page suggests, the process of adding a financial asset to an investment company’s family of products is a complex and fundamental process that requires further assessment and consideration. In addition, the company states that assets on the list will not necessarily turn into a genuine investment product like Grayscale Bitcoin Fund.
In addition, Grayscale mentions that some products may not receive standalone funds for providing exposure. Some of those assets could end up in products similar to Grayscale’s Digital Large Cap Fund.
Grayscale “Gives Bitcoin Away” With 30% Off
After the major sell-off of Bitcoin and cryptocurrency, Grayscale Bitcoin Fund’s premium has reached an all-time low, leading to Bitcoin shares being sold at nearly 30% off.
Theoretically, for the same reason, investors could gain exposure to Bitcoin at a significant discount compared to using the spot market. As noted Bitcoin critic Peter Schiff, investors are not willing to “buy Bitcoin” even at $0.75 per $1.