DOGE and Worldcoin will be available for investment through the Grayscale fund
DOGE and Worldcoin will be available for investment through the Grayscale fund
Grayscale Investments, the world’s largest digital asset management firm, has announced it is evaluating 35 additional cryptocurrencies for potential inclusion in its suite of investment products.
Among the assets under consideration are popular tokens Dogecoin (DOGE) and Worldcoin (WLD), both of which have drawn significant attention in the evolving cryptocurrency market.
This announcement comes as Grayscale continues to expand its offerings beyond major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), reflecting the growing diversity of the digital asset space. The company has previously launched investment trusts focused on a wide range of assets, including smaller cryptocurrencies like Chainlink (LINK) and Decentraland (MANA). Now, the firm is exploring the possibility of adding even more digital currencies, including some with unique use cases and strong community support.
Grayscale has published a list of promising tokens, breaking it down into five main categories: currencies, smart contract platforms, finance, culture and utilities. The list comes after a wave of outreach expansion by Grayscale, which launched new investment funds Aave, XRP Trust and Avalanche.
Dogecoin, originally created as a meme-based cryptocurrency, has developed into a widely traded digital asset with a passionate following. Backed by high-profile figures such as Elon Musk, DOGE has seen substantial price volatility but remains one of the top 10 cryptocurrencies by market capitalization. Its inclusion in Grayscale’s list of potential products signals its continued relevance in the market.
Meanwhile, Worldcoin is a newer entrant that has sparked considerable interest due to its ambitious goal of creating a universal digital identity and financial system. Founded by OpenAI CEO Sam Altman, Worldcoin aims to distribute its cryptocurrency globally by using biometric scanning to verify users’ identities. While controversial in some quarters, Worldcoin has positioned itself as a solution for economic inclusivity, particularly in underbanked regions.
Grayscale’s decision to explore adding these tokens to its lineup reflects the firm's strategy of providing institutional and retail investors with greater exposure to a broader range of digital assets. By launching publicly traded cryptocurrency trusts, Grayscale enables investors to gain exposure to cryptocurrencies through regulated investment vehicles without directly owning or managing the underlying assets.
The firm has not yet committed to launching new products based on these tokens but emphasized that it regularly reviews the cryptocurrency landscape to identify promising assets that align with market demand and investor interest. “Grayscale is committed to expanding its product offerings as the digital asset space evolves,” the company stated. Grayscale currently manages over $20 billion in assets and is viewed as a major player in bringing institutional capital into the cryptocurrency sector.
The addition of Dogecoin, Worldcoin, and other digital currencies to Grayscale's potential product list could further legitimize these assets in the eyes of traditional investors. Market participants will be closely watching to see which assets Grayscale ultimately selects for new products, as these decisions could significantly impact the visibility and liquidity of the chosen cryptocurrencies.
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