Grayscale Eyes 35 Altcoins for Future Investment products

Grayscale is reviewing 35 altcoins for possible inclusion in future investment products, dividing them into five categories. The updated list includes new additions like Optimism, SUI, and Helium. Currently managing over $20 billion in digital assets, Grayscale’s selection is often seen as a guide for investors building their portfolios. SUI, one of the listed assets, has seen a 300% increase since August.

Grayscale recently shared its list of potential candidates for Q4. The 35 altcoins are grouped into Currencies, Smart Contract Platforms, Financials, Consumer & Culture, and Utilities & Services. These assets are under consideration for future products but are not yet part of Grayscale’s existing portfolio. Among the reviewed tokens are Kaspa (KAS) for currencies, Aptos (APT), and Toncoin (TON) in the Smart Contract Platforms sector.

In the Financials category, Grayscale is looking at tokens like Injective Protocol (INJ) and THORChain (RUNE). Popular consumer and culture tokens such as Dogecoin (DOGE) are also part of the review. The company is also evaluating Utilities assets like Helium (HNT) and VeChain (VET).

Grayscale highlighted that this list can change with each quarterly update, depending on their evaluation of these projects. The company also unveiled a separate list of 20 high-potential altcoins for Q4, which includes six new tokens compared to Q3, such as SUI, Optimism (OP), Bittensor (TAO), Celo (CELO), UMA, and Helium (HNT).

Grayscale's growing interest in areas such as AI, DePin, and prediction markets reflects its strategy to capture emerging sectors in the crypto space. In August, Grayscale launched the Grayscale SUI Trust, and since then, SUI has surged by 46% in October, reaching a new peak of $2.36.

Founded in 2013, Grayscale continues to be a dominant player in digital asset management, with many investors closely following its quarterly updates to track market trends and potential opportunities in the cryptocurrency space.