Grayscale’s latest taxonomy update not only reaffirms XRP’s role as a true digital currency but also introduces the AI sector as a formal new category within the crypto ecosystem. This dual development reflects Grayscale’s forward-thinking strategy to capture both established and emerging trends shaping the next generation of blockchain innovation.

BREAKING:

Grayscale Classifies $XRP with #Bitcoin in ‘Currencies’ Segment as AI Sector Joins Crypto Taxonomy"

WE'RE SO BACK pic.twitter.com/GA7MN2m6lu

— 𝕏aif| (@Xaif_Crypto) May 28, 2025

XRP Gains Institutional Validation as a Currency

For years, XRP has occupied a unique—and often contested — space in the digital asset world. Designed as a fast, efficient bridge currency for cross-border payments, XRP has been at the center of one of crypto’s most high-profile regulatory battles: the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs, the company most closely associated with XRP.

However, in 2023, U.S. District Judge Analisa Torres issued a landmark ruling that declared XRP’s sales on public exchanges do not constitute securities transactions, significantly strengthening XRP’s legal and market position. Now, Grayscale’s decision to group XRP alongside Bitcoin in its “Currencies” classification delivers another powerful signal to institutional investors and the market at large.

By emphasizing XRP’s role as a currency, Grayscale is highlighting its primary purpose: enabling fast and affordable cross-border transactions. This added layer of institutional recognition is poised to boost confidence among investors, particularly those who had remained on the sidelines amid the regulatory uncertainties.

The AI Sector Officially Enters the Crypto Map

While XRP’s inclusion is certainly noteworthy, Grayscale’s formal addition of an AI sector to its crypto taxonomy is arguably even more forward-looking. Over the past two years, artificial intelligence has surged to the forefront of innovation, transforming industries from healthcare to finance. AI’s integration is giving rise to a new generation of decentralized applications, predictive models, AI-powered marketplaces, and generative tools — all built on blockchain foundations.

Grayscale’s recognition of AI as a distinct investment category signals that the convergence of these two cutting-edge technologies is no longer just experimental; it’s a rising force poised to reshape the digital asset landscape. For investors, this creates fresh opportunities to gain exposure to projects at the intersection of AI and crypto, a space many believe could define the next decade of technological progress.

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Grayscale’s Influence on Market Narratives

It’s important to understand that Grayscale isn’t just another player in the crypto market — it’s a market-shaping force. With billions in assets under management and some of the most widely tracked investment products in the space, Grayscale’s portfolio strategies and classifications carry substantial weight.

By placing XRP shoulder-to-shoulder with Bitcoin in the “Currencies” segment, Grayscale effectively cements XRP’s role as a foundational asset within the digital economy. Simultaneously, by opening the door to an AI sector, the firm is signaling to both institutional and retail investors that it’s ready to embrace the innovations driving the next wave of crypto adoption.

What This Means for Investors

For crypto investors watching Grayscale’s moves, there are two key takeaways. First, the reaffirmation of XRP’s status as a currency helps remove lingering doubts about its investment thesis, paving the way for renewed institutional interest. The formal recognition of the AI sector provides investors with a guide to navigate the expanding landscape of crypto projects that utilize artificial intelligence.

As Xaif’s coverage underscores, Grayscale’s taxonomy updates are more than just internal housekeeping — they’re signals to the market about where institutional capital and attention are likely to flow next. In an industry where narratives can shift overnight, staying attuned to these institutional signals is essential.

As Grayscale continues to evolve its classifications in response to regulatory developments and technological advancements, the crypto landscape can expect further refinement and growth. With XRP gaining fresh validation and AI carving out its place on the crypto map, the stage is set for a new chapter in the evolution of digital assets — one where innovation, utility, and institutional confidence increasingly go hand in hand.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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BREAKING: Grayscale Files For Digital Large Cap Fund ETF with SEC, #XRP Included! pic.twitter.com/K6DcZOezsV

— JackTheRippler © (@RippleXrpie) April 1, 2025

A Major Step Toward a Crypto ETF Expansion

Grayscale is well known for its Grayscale Bitcoin Trust (GBTC), which recently became the first spot Bitcoin ETF in the U.S. This move to launch the Digital Large Cap Fund ETF signals a broader push to offer diversified crypto investment products in a regulated and publicly accessible manner.

The Digital Large Cap Fund is designed to track a basket of top cryptocurrencies, giving investors exposure to a range of leading digital assets. The fund already includes major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and now XRP.

XRP’s Inclusion: A Pivotal Moment

The decision to include XRP in the Digital Large Cap Fund ETF is particularly significant given the token’s regulatory history with the SEC. For years, Ripple Labs and XRP have been entangled in a legal battle over whether XRP should be classified as a security. However, Grayscale’s move to include it in a regulated ETF product suggests growing institutional confidence in XRP’s legitimacy and future potential.

This inclusion could open the door for:

• Institutional Investors Gain Exposure to XRP without directly purchasing and managing the asset.
• Increased Liquidity and Price Stability for XRP as more funds flow into the ETF.
• Greater Recognition of XRP’s Utility, especially in cross-border payments and financial services.

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Regulatory Considerations and Market Impact

Grayscale’s filing comes amid a shifting regulatory landscape for crypto ETFs. Following the approval of spot Bitcoin ETFs, there is increasing speculation about when the SEC might greenlight spot Ethereum and other multi-asset crypto ETFs.

If the Digital Large Cap Fund ETF is approved, it could signal that regulators are warming up to diversified crypto investment products, potentially paving the way for more comprehensive digital asset ETFs in the future.

Market analysts suggest that the launch of such an ETF could bring a wave of new capital into XRP and other included assets, enhancing their market positions and further legitimizing digital assets in traditional finance.

A Game-Changer for Crypto ETFs

Grayscale’s move to file for the Digital Large Cap Fund ETF with the SEC is a bold step toward expanding institutional access to cryptocurrencies. The inclusion of XRP in the fund is particularly noteworthy, as it signals growing confidence in its regulatory standing and long-term viability. If approved, this ETF could broaden investor access, drive market growth, and further solidify XRP’s place in the evolving crypto economy.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Grayscale’s Spot Ethereum ETF Proposal

Grayscale, one of the largest digital asset managers, has been at the forefront of pushing for cryptocurrency ETFs that provide investors with direct exposure to digital assets. The firm’s proposal for a spot Ethereum ETF aims to give institutional and retail investors access to Ethereum without the complexities of managing private keys, wallets, and security risks associated with direct cryptocurrency ownership. A spot ETF differs from a futures-based ETF because it holds the actual asset rather than derivative contracts tied to the asset’s future price movements.

Grayscale’s application follows the firm’s previous legal victory against the SEC regarding its Bitcoin ETF conversion. This victory raised hopes that the SEC would be more open to approving similar cryptocurrency investment vehicles. However, the latest delay signals that the regulatory body is still weighing critical factors such as market manipulation risks, investor protection, and the broader implications of approving spot crypto ETFs.

A Pattern of Delayed Decisions

The SEC’s delay on Grayscale’s Ethereum ETF is part of a broader trend of hesitation when it comes to approving spot cryptocurrency ETFs. In recent months, the regulatory body has postponed several ETF applications, reflecting ongoing concerns over volatility, liquidity, and the potential for price manipulation in the crypto markets.

One notable instance was the SEC’s delay in deciding on Grayscale’s spot XRP ETF application. Similar to the Ethereum proposal, this application sought to provide investors with direct exposure to XRP in a regulated investment structure. The delay mirrored the agency’s reluctance to approve spot crypto ETFs without what it considers sufficient safeguards against fraud and market manipulation.

Grayscale has remained persistent in its efforts, arguing that spot crypto ETFs should be treated similarly to futures-based ETFs, which have already received regulatory approval. The firm maintains that a well-regulated spot ETF would enhance transparency, improve investor protection, and bring greater legitimacy to the broader cryptocurrency market.

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Regulatory Caution and Market Implications

The SEC’s reluctance to approve spot crypto ETFs stems largely from its concerns about unregulated offshore exchanges, which continue to play a dominant role in price discovery for digital assets. Unlike traditional markets with established oversight mechanisms, crypto markets operate across multiple jurisdictions, creating regulatory challenges. The SEC has consistently emphasized the need for robust surveillance-sharing agreements and protections against market manipulation before approval.

The repeated delays have had mixed effects on the cryptocurrency market. While some investors view them as a sign of regulatory uncertainty, others believe that the SEC is taking a measured approach that could ultimately lead to clearer guidelines and a more structured pathway for crypto ETF approvals. Market analysts suggest that once the SEC grants approval for the first spot Ethereum or XRP ETF, a wave of institutional investment could follow, potentially driving significant capital inflows into the crypto sector.

What Comes Next?

With the SEC pushing back its decision once again, attention now turns to upcoming deadlines and potential shifts in regulatory sentiment. If Grayscale’s Ethereum ETF ultimately gains approval, it could pave the way for similar products tied to other digital assets, including XRP and Solana. Conversely, continued delays could reinforce concerns that the SEC remains resistant to full-scale crypto integration within traditional finance.

As the regulatory landscape evolves, investors will be closely monitoring further developments, particularly in light of potential leadership changes within the SEC and broader shifts in regulatory policy. The future of cryptocurrency ETFs remains uncertain, but Grayscale’s persistence and ongoing industry advocacy suggest that the fight for approval is far from over.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Since its return, the XRP Trust has gained significant traction within the crypto community, raising interest in how it differs from directly purchasing XRP tokens.

This article explores the fundamental distinctions between acquiring shares in the Grayscale XRP Trust and buying the tokens directly, especially in light of recent commentary from crypto market analyst Coach JV.

Key Differences: Grayscale XRP Trust vs. Buying XRP

Coach JV, a well-known figure in the XRP community, provided insights into the differences between investing in the Grayscale XRP Trust and directly purchasing XRP. According to his explanation, investors who buy shares of the Grayscale XRP Trust do not take ownership of the actual cryptocurrency. Instead, they gain exposure to the token’s market performance through the trust.

Each share of the Grayscale XRP Trust is backed by a certain amount of XRP, specifically 19.98 XRP per share at the time of writing. The trust’s net asset value (NAV) is currently $11.79, which implies that the price per token in the trust is around $0.59, a rate comparable to buying XRP tokens on the open market.

Despite the similarity in cost, Coach JV has expressed a preference for buying XRP directly. He noted that owning XRP through a trust does not provide the investor with actual control over the cryptocurrency, and instead, they are reliant on Grayscale’s management.

Advantages of the Grayscale XRP Trust

However, the Grayscale XRP Trust presents notable advantages, particularly for traditional investors or those who prefer not to manage their crypto holdings. One of the key benefits is that Grayscale handles all aspects of custody.

Investors do not need to worry about securing their XRP or navigating the technical aspects of managing a digital asset wallet. This custodial service is particularly attractive to institutional investors who may not be interested in the complexities of cryptocurrency storage.

The convenience of professional management comes with a fee. Grayscale charges a 2.5% annual management fee for the trust, which covers the costs associated with custody and asset management. For some investors, this fee may be a reasonable trade-off for avoiding the risks and responsibilities associated with the self-custody of digital assets.

Institutional Interest in Grayscale XRP Trust

The Grayscale XRP Trust has shown strong performance since its relaunch, demonstrating growing institutional interest in XRP as an investment asset. The trust’s assets under management (AUM) have steadily increased, reaching $689,602 by the end of Thursday. This marks a significant rise from the $646,729 recorded the previous day and a substantial growth from the $622,000 AUM seen earlier in the week.

The NAV of the trust has also climbed, with a 2.61% increase in the last day alone, suggesting that institutional investors are becoming increasingly optimistic about the token’s potential.

As more capital flows into the trust, it reflects broader confidence in the digital asset’s future within institutional circles, despite the regulatory uncertainties that have previously impacted the cryptocurrency.

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The decision between purchasing XRP directly or investing in the Grayscale XRP Trust largely depends on the investor’s objectives and preferences. Those who wish to have direct control over their assets and avoid management fees might lean towards purchasing XRP tokens on an exchange.

On the other hand, investors who value the convenience and security of institutional custody may find the Grayscale XRP Trust a suitable alternative, even with the associated costs.

In either case, the relaunch of Grayscale’s XRP Trust has generated renewed interest in the asset, underscoring the growing confidence in XRP’s long-term prospects, particularly among institutional investors.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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This comes in the wake of Coinbase’s victory in the US Court of Appeals for the Second Circuit in Manhattan, where sales of digital assets on the secondary market were declared non-securities.

Read Also: Return of XRP Digital Large Fund: Next Grayscale Likely Grand Move after Victory Against SEC

XRP Gains Foothold in Grayscale’s DLC Fund

XRP rejoined the DLC Fund in Q3 of 2023, after a prolonged absence due to uncertainty caused by the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

Grayscale previously held XRP in the fund, but after the SEC accused Ripple of selling XRP as an unregistered security, Grayscale and many companies backed off the digital asset. Following XRP’s pivotal victory against the SEC, the crypto asset manager opted to reincorporate XRP into the DLC Fund during its recent rebalancing.

This move by Grayscale has generated considerable interest within the cryptocurrency community, particularly regarding its potential impact on XRP’s price.

The reintroduction of XRP into the DLC Fund signifies Grayscale’s confidence in the digital asset’s regulatory clarity, potentially influencing investor sentiment. Additionally, the substantial holdings of over 16.7 million XRP by the asset manager could contribute to increased market demand.

Grayscale’s Investment Breakdown and Objectives

The Grayscale DLC Fund aims to provide investors with exposure to leading cryptocurrencies. The recent rebalancing reflects this objective, with Bitcoin (BTC) maintaining its dominant position within the fund at 70.96%.

Ethereum (ETH) follows closely at 21.85%, highlighting the dominance of established blockchain networks. Solana (SOL) holds a notable presence at 4.52%, while Avalanche (AVAX) makes up a smaller portion at 0.95%. Notably, the rebalancing did not introduce any new assets to the fund.

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Read Also: Grayscale Recognizes XRP as Alternative To SWIFT for Cross-Border Payments

Speculation on Grayscale’s Future XRP Strategy

The return of XRP to the DLC Fund has fueled speculation regarding Grayscale’s potential launch of an XRP-specific exchange-traded fund (ETF). However, no official applications have been made.

This speculation comes from Grayscale’s recent launch of Bitcoin spot ETFs, with an Ethereum ETF reportedly under development. Given XRP’s clarified regulatory status, market participants view it as a strong contender for Grayscale’s next cryptocurrency ETF offering.

By providing a regulated investment vehicle for XRP, a Grayscale ETF could significantly increase investor access and potentially drive further mainstream adoption of the digital asset. These developments have the potential to influence XRP’s market performance.

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Grayscale Investments, the world’s largest crypto asset manager, has emerged triumphant in its legal battle against the SEC. The court of appeals ruled that the SEC’s decision to reject the GBTC application was “arbitrary and capricious.”

SEC’s Decision Reversed

The SEC previously rejected Grayscale’s application, citing concerns that the product did not adequately protect against fraudulent and manipulative practices. However, Grayscale fought back with a lawsuit, and the court’s latest decision overturned the SEC’s initial ruling.

According to court filings on August 29, Circuit Judge Neomi Rao granted Grayscale’s petition for review, instructing the SEC to vacate its order denying the GBTC listing application. This favorable outcome indicates that the SEC failed to provide sufficient explanation for rejecting Grayscale’s proposal. However, it does not guarantee the immediate listing of a Grayscale spot Bitcoin ETF.

Grayscale is currently conducting a thorough review of the court’s opinion, as stated by CEO Michael Sonnenshein.

JUST IN

The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF!

Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your support and…

— Sonnenshein (@Sonnenshein) August 29, 2023

Persistent Legal Battle

The legal dispute began on June 29, 2022, when the SEC denied Grayscale’s request to convert GBTC into a spot ETF. In response, Grayscale’s senior legal strategist, former U.S. Solicitor General Donald B. Verrilli Jr., filed a petition for review with the United States Court of Appeals for the District of Columbia Circuit. At the time, Sonnenshein expressed deep disappointment and vehement disagreement with the SEC’s decision.

Grayscale Bitcoin Trust is the largest over-the-counter Bitcoin fund, managing over $14 billion in assets. The ongoing litigation with the SEC and credit concerns surrounding its parent company, Digital Currency Group (DCG), caused GBTC shares to trade at a discount of nearly 50% to their net asset value earlier this year.

Challenges and Road to Recovery

Grayscale has faced various challenges throughout its journey. In October 2022, it terminated significant agreements with partner and digital currency broker Genesis Global. Shortly after, Genesis Global temporarily paused withdrawals due to market turmoil triggered by the collapse of the cryptocurrency exchange FTX. Additionally, the firm suffered the repercussions of the Three Arrows Capital debacle, with Genesis still owed a significant debt of $1.2 billion.

Furthermore, DCG, Grayscale’s parent company, came under scrutiny as it owes creditors over $3 billion and is reportedly contemplating selling a $500 million venture capital portfolio. Genesis Global alone owes $900 million to users participating in cryptocurrency exchange Gemini’s Earn program.

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In the report, Grayscale says, unlike other blockchains, Solana extends its use cases to on-chain order books, such as Mango Markets, which requires fast transaction speeds and low fees to operate.

Read Also: OpenSea Says Solana NFT Support is Coming In April 2022

The report reads in part:

“Solana is like Los Angeles: a structurally distinct network that is speedier and focuses on different use cases. Solana’s architecture relies on a different consensus mechanism that prioritizes speed and lower fees though at the cost of more centralization — rather than scaling through L2 chains, Solana runs transactions through a speedy L1 chain. Running roughly 2300 transactions per second as of March 15, 2022.

“Solana’s ecosystem can support apps like Mango Markets, an on-chain order book for trading (which is difficult to build on Ethereum’s network due to higher fees and lower speeds). In addition, the network has seen a lot of institutional development from quantitative trading firms looking to leverage the high transaction speed, including Jump Trading and FTX.”

Grayscale further stated that although Solana validators require more expensive hardware than most other smart contract platforms, they are able to deliver significantly greater transactions per second (TPS). This was represented in a table compared to other blockchains such as Ethereum, Avalanche, Cardano, among others.

“Solana, having gained traction particularly in DeFi and NFTs, did roughly 350k and
200k transactions per day respectively in February and March 2022,” the report added.

Read Also: Grayscale Launches Smart Contracts Platform Fund for Cardano, Solana, Polkadot, Avalanche, Stellar

In the report, Grayscale also compared other competing blockchains to cities in the United States. For instance, the leading crypto asset manager likened the largest smart contract platform, Ethereum, to New York City.

Grayscale says, “Ethereum is like New York City: It is vast, expensive and congested in certain areas. However, it also features the richest application ecosystem, with over 500 apps that command a total value of over $100 billion—more than 10x larger than any other competing network.”

On the other hand, Avalanche was compared to Chicago because its economy is similar to NYC, but has a smaller network, “transactions are cheaper and less congested, and development is more centralized.”

“Game-specific subnets like Crabada, and partnerships with firms like Deloitte should offer more differentiation compared to apps on other chains, helping Avalanche craft a distinct identity moving forward,” Grayscale wrote.

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In the report, Grayscale compares Ethereum, the largest smart contract platform, to newer competitors such as Solana, Polkadot, Cardano, Avalanche, and Stellar.

Read Also: Dubai School Announces Plan to Accept Tuition Payment in Bitcoin (BTC) and Ethereum (ETH)

Ethereum Is Vast, Expensive, 10x Larger Than Any Competing Network

A section in the report titled “Digital Cities” analyzes Ethereum, Avalanche, and Solana. In this section, Grayscale states things that differentiate Ethereum from other blockchains.

Grayscale noted:

“Ethereum is like New York City: It is vast, expensive and congested in certain areas. However, it also features the richest application ecosystem, with over 500 apps that command a total value of over $100 billion—more than 10x larger than any other competing network.”

“Users and developers take comfort that Ethereum will likely continue to be the center of gravity for application innovation and liquidity due to the size of its community and the amount of capital locked into the network’s smart contracts. An L2 solution like Polygon is comparable to a skyscraper in NYC: It scales by building upwards.”

Read Also: Israel’s Largest Bank Launches Trading Services for Bitcoin and Ethereum via Partnership with Paxos

The crypto asset manager further stated that users who are migrating from Ethereum to competing blockchains can be likened to those moving to cheaper cities due to congestion and high gas fees. This can be attributed to the overwhelming demand for decentralized finance (DeFi) and non-fungible tokens (NFTs) over the past two years.

Grayscale added, “As Ethereum fees began to eclipse $10 per transaction, smart contract platforms like Stellar, Algorand, Solana and Avalanche experienced strong growth in daily on-chain transaction counts.”

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According to the report, GSCPxE is the 18th investment product and third diversified fund offered by the leading digital asset manager Grayscale.

A deal’s a deal. Meet GSCPxE (Grayscale Smart Contract Platform Ex-Ethereum Fund), our newest investment product. https://t.co/sm7VJzOJcV #GSCPxE $SOL $ADA $DOT $AVAX $ALGO $MATIC $XLM

— Grayscale (@Grayscale) March 22, 2022

GSCPxE is designed to provide investors with exposure to selected industry-leading smart contract platforms via a market capitalization-weighted portfolio designed to track the CoinDesk Smart Contract Platform Select Ex ETH Index.

Going by the report, since 16th March, GSCPxE or Fund has been consisting of the aforementioned assets. Their weightings are allocated as follows: Cardano (ADA) 24.63%, Solana (SOL) 24.27%, Avalanche (AVAX) 16.96%, Polkadot (DOT) 16.16%, Polygon (MATIC) 9.65%, Algorand (ALGO) 4.27%, and Stellar (XLM) 4.06%.

Reacting to the latest development, Grayscale CEO Michael Sonnenshein, said:

“Investor demand for diversified exposure has grown in parallel to the ongoing evolution of the crypto ecosystem. Smart contract technology is critical to the growth of the digital economy, but it’s still too early to know which platform will win – from attracting and retaining the most vibrant developer communities, to ensuring the platform is high-speed, flexible, and scalable.

“The beauty of GSCPxE is that investors do not have to choose one winner, and instead can access the development of the smart contract platform ecosystem through a singular investment vehicle.”

According to the report, the Fund is now open for daily subscription by eligible individuals and institutional accredited investors.

Jodie Gunzberg, CFA, Managing Director, CoinDesk Indices, also said:

“Many investors allocated to ETH given its explosive growth over the past year, so now there is demand to get exposure across the rest of the Smart Contract Platform sector. The CoinDesk Smart Contract Platform Select Ex ETH Index is designed to measure the market-capitalization weighted performance of the largest and most liquid digital assets, excluding ETH, that meet certain trading and custody requirements, and are classified in the Smart Contract Platform sector defined by CoinDesk Digital Asset Classification Standard (DACS).”

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The new development was shared via the asset manager’s official Twitter handle on 25th January 2022. The firm came up with the list as a result of its quest to better meet the growing investor demand for exposure to other emerging cryptocurrencies.

Read Also: VeChain Toolchain Adopted By a Premium Ginseng Snack Producer in China for Quality and Brand Enhancement

Grayscale currently offers accredited investors eight single-asset investment trusts and one diversified fund, including Bitcoin Trust, Ethereum Trust, among others.

The following are the digital assets under consideration as listed by the digital asset management company:

0x (ZRX), 1inch (1INCH), Algorand (ALGO), Arweave (AR), Avalanche (AVAX), Axie Infinity (AXS), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), EOS (EOS), Fantom (FTM), Flow (Dapper Labs) (FLOW), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Internet Computer (ICP), IOTA (IOTA), Kava (KAVA), Loopring (LRC), Monero (XMR), NEAR (NEAR), Numeraire (NMR), Oasis Network (ROSE), Polkadot (DOT), Polygon (MATIC), Ren (REN), Reserve Rights (RSR), Secret (SCRT), Spell (SPELL), Stacks (STX), Terra (LUNA), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Universal Market Access (UMA), VeChain (VET), and Yield Guild Games (YGG).

We’ve updated our list of digital assets under consideration for 2022. See 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

According to the report, before all the above-listed digital assets can become investment products, they have to undergo a process similar to those that are already offered by the digital asset manager, Grayscale.

Read Also: European Commission Selects IOTA for Blockchain Infrastructure Project

This implies that there is no guarantee that assets named in the list above will become investment products of the firm:

“Not every asset under consideration will be turned into one of our investment products and Grayscale may explore additional assets other than those included in the Assets Under Consideration table for inclusion in Grayscale Products. Similarly, assets could be included in the Grayscale Product family without first being listed on this table.”

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