Grayscale Eyes 36 New Tokens, Signaling Aggressive Expansion Beyond Legacy Crypto

Grayscale, the world’s largest digital asset-focused investment platform, has updated its Q1 2026 'Assets Under Consideration' list to include 36 new altcoins. The list highlights a strategic pivot toward expanding its product offerings beyond Bitcoin and Ethereum. The firm stated it evaluates these tokens for potential inclusion in future investment products, emphasizing a growing interest in emerging sectors like artificial intelligence and decentralized infrastructure.

The 36 altcoins include notable names like Tron (TRX), ARIA Protocol (ARIAIP), Nous Research (NOUS), and DoubleZero (2Z) according to the updated list. These additions are organized into categories such as Smart Contract Platforms, Financials, Consumer & Culture, Artificial Intelligence, and Utilities & Services. This structured approach aims to provide clarity to investors about Grayscale’s focus areas.

Grayscale also filed for new ETFs related to Binance Coin (BNB) and Hyperliquid's HYPE token in Delaware, marking the first step toward potential ETF launches. These filings suggest the firm is preparing for regulatory approval in the coming months. The BNB and HYPE ETFs could offer institutional-grade exposure to these altcoins, enhancing accessibility for traditional investors.

Why Did This Expansion Happen?

The updated list reflects Grayscale's response to growing institutional demand for diversified crypto exposure. The firm has emphasized regulatory clarity as a key factor in its strategy. In 2026, the regulatory landscape is evolving, with more clarity around how altcoins can be integrated into the traditional financial system. This is evident in the increasing number of crypto spot ETFs being approved and traded.

Grayscale’s move to include DePIN and AI-related tokens like DoubleZero and Nous Research indicates a shift toward innovation-driven assets. These tokens are seen as having potential long-term value, especially in a market where blockchain applications are expanding beyond finance. The firm’s strategy aligns with broader industry trends showing a rise in non-traditional crypto use cases.

How Are Markets Reacting?

While Grayscale’s list does not guarantee product launches, it influences investor sentiment and market expectations. The inclusion of BNB and HYPE in the ETF filing process has sparked speculation among analysts about Grayscale’s broader expansion plans. Both tokens have gained traction in their respective sectors, particularly in DeFi and smart contract platforms according to market analysis.

The firm’s approach to rolling updates and quarterly evaluations also provides transparency for investors. By updating its watchlist every 15 days, Grayscale ensures that market participants can track its evolving priorities. This dynamic strategy helps investors anticipate potential product launches and adjust their portfolios accordingly.

What Are Analysts Watching Next?

Analysts are closely monitoring whether Grayscale's new ETF filings will receive regulatory approval. The BNB and HYPE ETFs are seen as test cases for the firm’s ability to navigate the complex regulatory environment in 2026. If these ETFs are approved, they could set a precedent for other altcoin products. This would further validate Grayscale's role as a bridge between traditional finance and crypto markets.

Investors are also watching how the inclusion of AI and DePIN projects on Grayscale’s list will shape future investment trends. These sectors are still in early stages but show promise as blockchain adoption increases. Analysts note that Grayscale’s focus on innovation could attract a new wave of investors seeking exposure to next-generation digital assets.