Grayscale is exploring 13 more investment products, including ones for Solana and Polygon

Crypto asset manager Grayscale announced Thursday that it is exploring 13 more investment products, including ones tied to Solana (SOL) and Polygon (formerly Matic Network) (MATIC) tokens.

The other 11 products under consideration are tied to these tokens: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Ren (REN), Universal Market Access (UMA), and 0x (ZRX).

The new list comes a few months after Grayscale said in February that it was considering launching 23 new products, including those tied to Uniswap (UNI), Chainlink (LINK), and Polkadot (DOT) tokens. From those 23 products, Grayscale launched five, including one for LINK.

While Grayscale is now exploring a total of 31 new products, it does not mean it will launch all of those. The asset manager said the process of creating an investment product is complex and multifaceted.

"It requires significant review and consideration and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations," said Grayscale.

Grayscale is the largest crypto asset manager in the world, managing more than $34 billion in client assets. Its bitcoin trust product (GBTC), however, boasts the lion's share of the total assets at more than $25 billion.

For the past four months, GBTC has been trading at a discount, i.e. the market price of GBTC shares is less than its net asset value or NAV. The current GBTC discount is around -14%.

There are several factors behind the discount, as The Block reported recently. These include new competition and selling pressure from existing customers.

About Author

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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