July 24, 2021

DeFi mainstays headline Grayscale’s list of new products under consideration

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Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality. 

In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust announced a list of new assets under consideration — and over a third, or 8 of 23, come from Ethereum’s DeFi ecosystem.

Aave, Compound’s COMP, MakerDAO’s MKR, Reserve Rights (RSR), SushiSwap’s SUSHI, Synthetix Network Token (SNX), Uniswap’s UNI and Yearn.finance’s YFI joined increasingly popular layer-one chain assets such as Polkadot’s DOT, Cosmos’ ATOM and Cardano’s ADA on the list — a sign that the “great repricing” may be picking up steam.

“We’re eager to expand our product offerings to better serve our investors,” said Grayscale CEO Michael Sonnenshein in the release. “The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.”

The announcement also noted that considerations such as “sufficiently secure custody arrangements, and regulatoryTitle: DeFi mainstays headline Grayscale’s list of new products under consideration
Sourced From: cointelegraph.com/news/defi-mainstays-headline-grayscale-s-list-of-new-products-under-consideration
Published Date: Fri, 26 Feb 2021 14:45:25 +0000