Grayscale includes AVAX, LUNA & MATIC in assets under consideration

The world’s largest digital asset management firm, Grayscale, is expanding its portfolio. The firm has released a list of current assets being explored and considered. These assets include Avalanche (AVAX/USD), Terra (LUNA/USD), Axie Infinity (AXS/USD) and Polygon (MATIC/USD).

The announcement notes that the assets under consideration are presently not held by the firm, but they have created interest for the company, leaving room for future exploration.

Grayscale considers adding new assets

The announcement gives a full list of tokens that the digital asset management firm is considering. These assets will be considered potential additions when the firm increases the investment products that could be added in the future.

However, not all the assets being considered will be included in the future to be part of the vast Grayscale family of products. The announcement adds that adding new financial assets is complex and requires review and consideration. Therefore, including these assets in the list does not necessarily mean that they will be converted into actual investment products such as the Grayscale Bitcoin Fund.

The digital asset management firm also notes that some products might not have their own individual funds to give investors exposure to them directly. These assets could be included in the other assets added to the diverse Grayscale Digital Large Cap Fund.

Grayscale Bitcoin shares plunge

The cryptocurrency market has been recording major sell-offs that have led to notable prices. The Grayscale Bitcoin Fund has been affected by this dip. The fund’s premium recently hit an all-time low. As such, the Bitcoin shares have been making notable dips, and they recently recorded an almost 30% discount.

While Grayscale allows investors to receive indirect exposure to crypto-assets, investors that invest in the company’s fund could also suffer from the same volatility in the spot market. The fund has become popular over the past year following an influx of new traders who want to gain cryptocurrency exposure. The fund has attracted a significant number of institutional investors that want to have part of their portfolio in crypto.