Grayscale Mulls Addition of 25 More Tokens in DeFi Fund

Crypto asset manager Grayscale is mulling 25 additional tokens for investment products after adding Amp to its decentralized finance fund, the firm announced in a statement.

Among the new assets under consideration are Algorand, Arweave, Axie Infinity, Bancor, BitTorrent, BORA, Convex, Cosmos, Decred, Elrond, Enjin, Fantom, Gala, Gelato, Helium, Holo, Oasis Network, Secret, Spell, Stacks, The Sandbox, Universal Market Access, VeChain, and Yield Guild Games.

The tokens were added to those under consideration as of January 24, as Grayscale continues developing an investment product similar to the ones it already offers.

Grayscale also added Amp to its decentralized finance fund, adding to the 23 already in the service. Its current lineup of 15 investment products currently has $55 billion in assets under management (AUM).

The Grayscale DeFi fund has $7 million in AUM. It is down 35.8% since its establishment in July 2021.