Grayscale is considering Polygon and SOLANA in their investment product family

Published on: 18.06.2021

Crypto asset manager Grayscale announced Thursday that it is exploring 13 more investment products, including ones tied to Solana (SOL) and Polygon (formerly Matic Network)  tokens.

The other 11 products under consideration are tied to these tokens: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Ren (REN), Universal Market Access (UMA), and 0x (ZRX).

The asset manager said the process of creating an investment product is complex and multifaceted.

“It requires significant review and consideration and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations.”

Grayscale is the largest crypto asset manager in the world, managing more than $34 billion in client assets. Its bitcoin trust product (GBTC), however, boasts the lion’s share of the total assets at more than $25 billion.

 

🔎 HEADLINES

 

Market Stats:
BTC Dominance: 63.96%(+0.06%/24h)
ETH Dominance: 9.35%(-0.04%/24h)
Defi Market Cap: $107.66B(-6.08%/24h)
Total Market Cap: $3258.15B(-1.98%/24h)
Total Trading Volume 24h: $121.89B(-8.21%/24h)
ETH Market Cap: $304.33B
Defi to ETH Ratio: 35.37%
Defi Dominance: 3.19%
Altcoin Market Cap: $1174.13B
Altcoin Volume 24h: $68.9B
Total Cryptocurrencies: 34828
Active Cryptocurrencies: 9657
Active Market Pairs: 103976
Active Exchanges: 823
Total Exchanges: 10538
BTC: 104819.15$(-0.66%/1H)
ETH: 2521.18$(-0.69%/1H)
AVAX: 18.7$(-0.43%/1H)
BNB: 651.41$(-0.25%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.61$(-0.62%/1H)
DOT: 3.75$(-0.48%/1H)
UNI: 7.47$(-1.62%/1H)
CAKE: 2.23$(-0.29%/1H)
SUSHI: 0.62$(-0.89%/1H)
ONE: 0.01$(-1.47%/1H)