From the "Coinbase Effect" to the "Grayscale Effect", what are the characteristics of the first "investigation list" of Grayscale Investment?
Rhythm BlockBeats news, recently, Grayscale Investment announced that it is considering adding 23 cryptocurrency investment products such as AAVE and UNI. In the announcement, the official stated that since the creation of structured investment products requires review and consideration and is subject to strict internal controls, sufficient security custody arrangements and regulatory considerations, there is no guarantee that the assets listed above will launch corresponding investment products .
In addition, Rhythm found that as of February 28, the official website of Delaware shows that Grayscale has currently registered 37 Trust entities for different cryptocurrencies.
Given the role and influence of Grayscale Investment, Grayscale is very similar to the behavior of the "investigation list" previously announced by Coinbase. The "compliance" positioning of the two enables them to target outside investors or institutional clients. The basic approach is to first announce the list to be inspected, and at the same time express that there is no guarantee that the final launch or launch of the corresponding products will not be guaranteed. But whether it is Coinbase's inspection list or Grayscale Investment's new encrypted investment products, it can trigger people's pursuit of the corresponding projects. The only difference is that the latter is only open to qualified investors. But in any case, the "grayscale effect" is quietly taking shape.
By analyzing the cryptocurrency projects included in the list by Grayscale Investment, what characteristics can be found? The following is the first "investigation list" announced by Grayscale Investment:
Aave (AAVE), Basic Attention Token (BAT), Cardano (ADA), Chainlink (LINK), Compound (COMP), Cosmos (ATOM), Decentraland (MANA), EOS (EOS), Filecoin (FIL), Flow (Dapper Labs) (FLOW), Livepeer (LPT), MakerDao ( MKR), Monero (XMR), Numeraire (NMR), Polkadot (DOT), Reserve Rights (RSR), Stacks (STX), Sushiswap (SUSHI), Synthetix (SNX), Tezos (XTZ), The Graph (GRT), Uniswap (UNI) and Yearn Finance (YFI).
Rhythm found that 7 of the above lists can be attributed to the governance tokens of Ethereum-based DeFi projects, namely Aave (Aave), Uniswap (UNI), Compound (COMP), MakerDAO (MKR), Sushiswap (SUSHI), Synthetic Network (SNX), Yearn Finance (YFI).
In addition, the list also includes 5 public chain opponents of Ethereum, Cardano (ADA), Polkadot (DOT), EOS, Cosmos (ATOM), and Tezos (XTZ). Additionally, the list also features cryptocurrencies with a market capitalization below 100 or below $500 million, such as Reserve Rights (RSR), Numeraire (NMR) and Livepeer (LPT).
"We are eager to expand our product offerings to better serve our investors," Grayscale said. CEO Michael Sonnenshein said, "The digital currency space is constantly evolving and we seek to identify bold, interesting and innovative opportunities to meet investors' needs for differentiated exposure to this emerging asset class .”
In any case, this list is worth paying attention to.
Related reading:"Greyscale is considering adding new cryptocurrency investment products, including 23 currencies such as AAVE and UNI"
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