Grayscale Considering VeChain, Fantom and 23 Others For Investment Portfolio

One takeaway is clear from this new Grayscale Investments list; the future is multi-chain. Covered:  New Grayscale List Focus on Layer 1’s and Metaverse How Does Grayscale Decide? New Grayscale List This morning, crypto-asset firm Grayscale released a new list of assets “under consideration” for their portfolio. Famous for their Bitcoin Trust ($GBTC), which gives […]

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Grayscale Now Seeks SEC Approval for Polkadot ETF

Grayscale has submitted a proposal to the U.S. Securities and Exchange Commission for a Polkadot exchange-traded fund. The application, filed through Nasdaq, seeks approval to list and trade shares of the Grayscale Polkadot Trust. The proposed ETF will function as a Commodity-Based Trust, with shares representing a proportional interest in the trusts assets.Grayscales Proposal and Key PlayersAccording to the filing, Grayscale Operating and Grayscale Investments Sponsors, both subsidiaries of Digital Currency Group, will oversee the trusts operations. The custodian for the trust is Coinbase Custody Trust Company, while CSC Delaware Trust Company will act as trustee. Notably, the trust, formed in January 2021, will not actively manage assets but will hold DOT and track its value through the index price. The market price of its shares is expected to fluctuate with DOTs market movements. Over time, the amount of DOT represented by each share will decrease as assets cover the trusts expenses.Function and Market ImpactThe trusts activities will include issuing shares in exchange for DOT deposits and selling DOT to cover operational costs. It may also redeem shares for DOT, pending regulatory approval. The trust will not attempt to maximize profits or minimize losses but will provide investors with direct exposure to Polkadot. Unlike direct crypto purchases, the ETF aims to simplify acquiring and holding DOT while minimizing associated security risks.Notably, Polkadots price stands at $4.43 during this press, reflecting a 6.17% decline over 24 hours and a 7.81% decrease over the past week. The trusts performance will closely follow DOTs market price, making it essential for investors to monitor Polkadots fluctuations.Grayscale Expansion to Other Crypto ETFsGrayscale is also pursuing ETFs for multiple digital assets. In a recent development, the SEC acknowledged a rule change application for a Grayscale Cardano ETF, increasing its chances of approval. The New York Stock Exchange (NYSE) Arca filed for a Grayscale Cardano Trust conversion on February 10, with the SEC recognizing the application on February 13.Additionally, Grayscale is advancing its XRP ETF application. Last week, the SEC officially started reviewing the 19b-4 filing for the proposed ETF, placing the decision deadline at October 18, 2025. If approved, the fund will convert the Grayscale XRP Trust into a spot-based ETF, allowing direct investment exposure to XRP.Besides Polkadot, Cardano, and XRP, Grayscale aims to introduce ETFs for Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).

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Here is How High DOGE Can Rise if It Gets 50% of BTC Inflows, As Grayscale Files for Doge ETF

With Grayscale filing for a Dogecoin ETF, the Dogecoin price could skyrocket tremendously if the product captures only 50% of Bitcoin ETF inflows after approval.Grayscale Investments has introduced the Grayscale Dogecoin Trust, looking to provide institutional and accredited investors with exposure to Dogecoin. Following this launch, the firm promptly filed with the U.S. Securities and Exchange Commission (SEC) to convert the trust into a spot exchange-traded fund (ETF). https://twitter.com/JSeyff/status/1885459699186716927The move syncs with Grayscale's push to expand its crypto offerings. Recall that the company made similar moves with Bitcoin and Ethereum, filing to convert its BTC and ETH Trusts to ETFs with the SEC. Interestingly, Grayscale also recently carried out these steps with its XRP Trust.Notably, the Grayscale Dogecoin Trust will track Dogecoin's market price, presenting investors with a regulated avenue to gain exposure to the meme coin without direct ownership. Currently, the trust is available for subscription to eligible accredited investors and will transform to an ETF following the SEC's approval.Dogecoin Price if Its ETFs Attract 50% of Bitcoin ETF InflowsThis filing is one of several efforts from different assets managers to introduce Dogecoin ETFs. Should these products see the light of day, they could attract more institutional capital into the Dogecoin market, impacting DOGE price positively.For context, this trend played out with Bitcoin, with the sustained flows into Bitcoin ETFs pushing the BTC price to a new all-time high before a halving event for the first time ever. Specifically, these Bitcoin ETF products have recorded $40.5 billion in capital inflows since they launched in January 2024.Notably, if Dogecoin ETFs witness only 50% of these inflows, this could have massive implications for prices. Particularly, 50% of the Bitcoin ETF inflows amounts to $20.25 billion. Applying the BoA 118x inflow-to-valuation multiplier leads to an additional market cap of $2.39 trillion for DOGE.Meanwhile, market data confirms that Dogecoin currently boasts a market cap of $47.6 billion. An addition of $2.39 trillion would lead to a total valuation of $2.86 trillion. Now, considering Dogecoin's circulating supply of 147.8 billion, a $2.86 trillion market cap translates to a price of $19.34. This would mark a 5,895% increase from the current price of $0.3226.However, it bears mentioning that there is no guarantee that Dogecoin ETFs would record such a substantial amount of capital. For instance, Ethereum ETFs have only seen $2.76 billion inflows despite existing since July 2024.Dogecoin ETF Race Heating UpNonetheless, the ETF race for Dogecoin appears to be heating up. In a related development, Bitwise also filed an S-1 form with the SEC to establish a Dogecoin ETF. Notably, Wintermute, a prominent crypto market maker, had earlier predicted that a major asset manager would launch a meme coin ETF in 2025, with Dogecoin being the likely candidate. This forecast has now materialized with Grayscale's recent filing.

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NYSE Files With the SEC to Introduce Staking to the Grayscale Ethereum ETFs

The New York Stock Exchange (NYSE) has requested that the US SEC allow staking services on the Grayscale Ethereum ETFs.In a Friday filing, the market operator submitted a 19b-4 application to the US Securities and Exchange Commission (SEC) requesting a rule change. The NYSE seeks to amend the provisions of the pre-approved Grayscale Ethereum ETFs to include staking services.Staking services involve locking up an underlying assetin this case, Ethereumto become a validator and contribute to the stability and security of a network. In return, the staked tokens yield passive rewards to participants.Grayscale ETFs Eyes Staking ServicesIf approved, the rule change would provide additional rewards for holders of the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust. Notably, the average staking reward for Ethereum ranges between 3% and 4% APY.The filing insists that the proposal does not contravene any existing securities law. The exchange noted that the intended staking model differs from delegated staking or staking as a service, which the US SEC currently classifies as a security.Notably, the securities regulator, under Gary Gensler, suggested that staking activities on the Ethereum network constitutes unregistered securities. Although the agency approved applications for an Ethereum spot ETF last year, it mandated issuers not to stake their Ether stash, citing federal securities law.Bloomberg ETF analyst James Seyffart suggested that the US SEC will decide on the proposed rule change by the fourth quarter of the year.https://twitter.com/JSeyff/status/1890527958693003360Issuers Leveraging the Changing TidesMeanwhile, the NYSE Arca becomes the latest to file to include staking options for its Ethereum spot ETF clients. Recall that the Chicago Board Options Exchange (CBOE) BZX Exchange recently applied to the SEC for the same course on behalf of Ark Investments 21 Shares Core Ethereum ETF.Moreover, the crypto task force is already weighing the possibilities of its approval. The Crypto Mum Hester Pierce-led division recently met with Jito Labs and Multicoin Capital to discuss several regulatory rule changes, including how best to include staking in ETFs.The inquiry follows other actions from the U.S. SEC to ensure a friendlier environment for cryptocurrencies. For context, the agency recently scrapped the SAB 121 rule and paused its legal battle with Binance for 60 days.

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Grayscales crypto portfolio up 85%, driven by triple-digit altcoin gains

Grayscales cryptocurrency gains are another sign of an incoming altcoin season, which may lead to an XRP rally of $2.57 before the end of 2024.

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Grayscale Considers 39 Assets Including Dogecoin in Expansion Push

Grayscale considers a staggering 39 assets, including Dogecoin, for inclusion in future investment products across several sectors.Increasing institutional demand for crypto has meant big business for crypto asset managers. Moreover, many expect this institutional interest to grow under anticipated favorable regulations with the incoming Donald Trump administration.Amid the anticipated business boom, leading crypto asset manager Grayscale has rapidly expanded its offerings and appears to have no plans to slow down.In the latest instance, the firm has unveiled a batch of assets it is considering for future investment products.Grayscale Unveils 39-Asset Long Consideration ListGrayscale is considering a staggering 39 assets for inclusion in future investment products across several sectors. The firm disclosed this in a blog post on Thursday, January 9.The list of assets under consideration include recognized names like Worldcoin (WLD), Helium (HNT), Hedera Hashgraph (HBAR), Toncoin (TON), Dogecoin (DOGE), Pendle (PENDLE), Ondo Finance (ONDO), Tron (TRX), Binance Coin (BNB), Celestia (TIA), and Sei (SEI), among others.The recent list is largely composed of assets the fund manager outlined in its top 20 picks for Q1 2025. Still, the sheer size of the list may reflect Grayscale's optimism around institutional crypto adoption this year. While Grayscale is unlikely to add support for all these assets at once, if it did, it would more than double the number of assets currently supported by its funds. For context, the asset manager already boasts support for thirty crypto assets.Meanwhile, the firm noted that it intended to update the list 15 days after the end of every quarter.According to Arkham Intelligence data, Grayscale's assets under management total $29.3 billion at the time of this writing.

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