Grayscale has registered more than a dozen alternative cryptocurrency investment funds in the Delaware registry over the past week.

This indicates that it is looking to accommodate the growing interest from institutional investors in alternative digital currencies.

Newly added cryptocurrencies from Grayscale include:

Aave, Cardano, EOS, Uniswap and Polkadot.

Grayscale said in a statement, that while there are currently no plans to launch any of these funds, which have announced the names of some of the cryptocurrencies they are based on, they are looking to keep their options open should the need arise.

Michael Sonnenchin, CEO of Grayscale, said:

Grayscale is always looking for opportunities to offer products that meet the requirements of investors.

Read:Deutsche Bank quietly plans to offer cryptocurrency custody and trading services

Sometimes, we will make a deposit to hold, although a deposit does not mean that we will bring a product to market.

Grayscale continues to advertise when new products are available to investors.

Announced altcoins did not rise, but fell into a near-total recession yesterday after suffering collateral damage from Elon Musk’s bitcoin crash.

Grayscale reopens the Ethereum Trust:

On January 29, announced Grayscale Inc. has reopened its Ethereum fund to private investors.

Grayscale’s $4 billion Ethereum fund operates just like any of Grayscale’s other mutual funds.

Grayscale welcomes a group of private investors and uses their funds to invest in cryptocurrencies.

Grayscale charges 2% of them and sells shares in mutual funds at public trading desks.

Such mutual funds promise investors auditable ownership of cryptocurrencies through a traditional investment vehicle, while keeping illiquid, offline crypto pots in cold storage.

Cryptocurrency funds and benefit from the absence of ETFs

Grayscale mutual funds are more expensive than publicly traded Bitcoin.

It is worth noting that ETF applications on US trading platforms have always been rejected by the US Securities and Exchange Commission.

Read:Square surprised by 11-fold increase in bitcoin revenues!

Which leads those investors who prefer to trade cryptocurrency through traditional investment vehicles, with quoted prices and trusted legal advisors and auditors, towards “Grayscale” funds that manage $11.5 billion in privately invested Bitcoin, or the Ethereum Private Fund, which is marketed to investors. Those looking to avoid the “challenges of buying, storing and storing ETH directly.

Read:Coinbase provides additional details on how to enter the stock exchange and public trading

Companies like VanEck and Valkyrie Digital Assets have made fresh attempts to apply for Bitcoin ETFs after SEC chief Jay Clayton resigned.

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