Grayscale Expands its List of Assets Under Consideration, Adding Apecoin, CRO and KNC

Summary:

• Grayscale has added Apecoin (APE), Cronos (CRO), and Kyber Network Crystal (KNC) to its database of assets nether consideration.

The crypto-focused Wall Street Investment Firm known arsenic Grayscale has expanded its database of assets nether information to see Apecoin (APE), Cronos (CRO), and Kyber Network Crystal (KNC).

The Grayscale squad announced the caller additions earlier today, explaining that their prime was based connected a analyzable and multifaceted process. They said:

The process of creating an concern merchandise akin to the ones we already connection is simply a complex, multifaceted process. It requires important reappraisal and information and is taxable to our interior controls, custody arrangements, and regulatory considerations, among different things.

Grayscale’s existent assets nether information are arsenic follows:

0x (ZRX), 1inch (1INCH), APE (Apecoin), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), CRO (Cronos), Decred (DCR), Elrond (EGLD), Enjin (ENJ), EOS (EOS), Fantom (FTM), Flow (Dapper Labs) (FLOW), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Internet Computer (ICP),  IOTA (IOTA), Kava (KAVA), KNC (Kyber Network Crystal), Loopring (LRC), Monero (XMR), NEAR (NEAR), Numeraire (NMR), Oasis Network (ROSE), Ren (REN), Reserve Rights (RSR), Secret (SCRT), Spell (SPELL), Stacks (STX), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Universal Market Access (UMA), VeChain (VET), Yearn.finance (YFI), Yield Guild Games (YGG)

Adding a Digital Asset to the List Does Not Mean it Will Be Converted into a Grayscale Investment Product.

The Grayscale squad besides pointed retired that the database of assets nether information is lone for illustrative purposes and should not beryllium considered arsenic a confirmation that each crypto plus connected the database volition beryllium converted into 1 of its concern products.

The Supreme Court is an Option for its Petition Against the SEC.

Also worthy mentioning is that earlier this week, Grayscale’s Chief Legal Officer, Craig Salm, sat down for a Q&A league wherever he explained the company’s strategy regarding its ongoing Bitcoin Spot ETF petition against the SEC.

According to Mr. Salm, the petition process astatine the D.C Circuit Court of Appeals could instrumentality anyplace betwixt 12 months and 2 years, depending connected the arguments of some sides. He besides added that if Grayscale mislaid its entreaty astatine the Appellate levels, it had 2 choices: an ‘en banc’ proceeding oregon an entreaty astatine the U.S Supreme court.

An ‘en banc’ proceeding is erstwhile a lawsuit is heard earlier each the judges of a tribunal alternatively than by 1 justice oregon a tiny sheet of judges. The U.S Supreme Court is the last level of entreaty successful the national judicial system.

Mr. Salm further elaborated connected the anticipation of the second script done the pursuing statement.

If either Grayscale oregon the SEC lose, either enactment could entreaty the determination to the Supreme Court. If the Supreme Court decided to instrumentality the lawsuit on, we would proceed with a akin litigation process arsenic successful the appellate level: petition for review, briefings, oral arguments, and last decision.