Shades of Gray Considering 31 Cryptographic Assets for Investment Products – Bitcoin News

Shades of Gray Considering 31 Cryptographic Assets for Investment Products – Bitcoin News

Image Credits: Shutterstock, Pixabay, Wiki Commons What do you think about all these crypto assets Grayscale is considering making into investment products? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The Grayscale family of products currently consists of 13 crypto assets: basic attention token (BAT), bitcoin (BTC), bitcoin cash (BCH), chainlink (LINK), decentraland (MANA), ethereum (ETH), ethereum classic (ETC), filecoin (FIL), horizen (ZEN), litecoin (LTC), livepeer (LPT), stellar lumens (XLM), and zcash (ZEC). In addition, the company offers a digital large-cap fund.
In April, the company announced its intention to convert GBTC into a bitcoin exchange-traded fund (ETF). Currently, the U.S. Securities and Exchange Commission (SEC) has not approved any bitcoin ETF. This week, the SEC asked for comments from interested individuals on the proposed Vaneck bitcoin ETF.
Meanwhile, the firm has been saying that it is seeing rising institutional demand for bitcoin. CEO Michael Sonnenshein commented in March: “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class.”

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