Grayscale Announces Consideration of 13 Additional Investment Products, Includes MATIC And Solana

Grayscale Investments, the crypto asset manager, have recently made an announcement regarding the exploration of 13 more investment products including ones for MATIC and Solana. Apart from Matic and Solana, the other 11 products under consideration are linked to tokens such as 1inch, ICP, KNC, REN, NEAR, UMA, BNT, CRV, LRC, and ZRX.

Grayscale List Includes Solana, Matic, and 13 New Products 

Back in the month of February, the investments firm announced that the firm is considering launching 23 new products involving those linked to Chainlink, Polkadot, and Uniswap and from those 23 products, the firm introduced five including one for LINK.

Also, it should be noted that though the firm is exploring a total of 31 new products, it does not intend to launch all those as the asset manager has already revealed that the procedure of generating an investment product is complex and multifaceted.

Grayscale said:

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

Talking about the firm, it won’t be wrong to say that Grayscale Investments is the largest crypto asset manager in the world and has over $34 billion worth of assets under management.

Learn More About the Grayscale’s Bitcoin Trust Product, GBTC

The Bitcoin trust product of Grayscale Investments, GBTC, enjoys the lion’s share of the total assets under management at more than $25 billion. 

In addition to this, it should be noted that for the past four months the Grayscale Bitcoin Trust has been changing hands at a discounted price due to the recent crash in the crypto market. The market price of GBTC share was trading at even less than its NAV as of the current discount in the price of GBTC is around -14%.

This discount is led by several factors in accordance with some reports such as the rise in the selling pressure from the existing customers and the surging competition.