The cryptocurrency investment giant devotes 90% of its funds to Bitcoin BTC, but Grayscale is diversifying its positions a bit by also investing in Ethereum or Litecoin.
With a Bitcoin bull run mode at the start of 2021, the investment fund is therefore interested in other cryptocurrencies which could prove to be good investments in the months or years to come.
It means investing in solid blockchain projects with competent teams.
By looking at the deposits of documents made by Grayscale on the Delaware site in the United States, we therefore discover which cryptocurrencies seem to be of interest to the investment fund.
The company has indeed created new trust for altcoins such as AAVE, Polkadot (DOT), Monero (XMR), Cardano (ADA) or Cosmos (ATOM).
Various blockchain projects therefore as we have DeFi decentralized finance, anonymous cryptocurrency or competitors of the Ethereum blockchain.
Flagship projects in the crypto ecosystem that are already showing insolent price increases like the Polkadot price which has climbed into the top 5 of the most important cryptocurrencies on the market.
You will find some of these crypto-currencies in our ranking of the best cryptocurrencies to invest in 2021.
Of course, there is no guarantee that Grayscale will actually go into buying these altcoins, but there is a good chance that it will if it has created these new trusts.
Not long ago, the investment fund had also created trusts for LINK, Decentraland, Tezos, Filecoin or Basic Attention Token (BAT).
These creations of new trusts are therefore perhaps good indicators to follow, if Grayscale were to invest large sums in these altcoins, their prices would certainly be positively impacted.
In the near future, we will know if Grayscale indeed commits to further diversification of its crypto investments.
