Grayscale adds Dogecoin and PYTH trusts, bringing altcoin list to 40 in April

Grayscale has recently made updates to its altcoin watchlist, expanding it to include 40 different assets in the second quarter of 2025. Among the additions to the watchlist are VeChain, Dogecoin, and Pyth, which have all gained popularity and traction in the cryptocurrency market. Grayscale’s decision to include these assets reflects the growing interest and demand for a diverse range of cryptocurrencies among investors.

In addition to the new additions, Grayscale has also removed several projects from its watchlist. This move suggests that the company is continually evaluating and reassessing the projects it believes are worth monitoring. By making these changes, Grayscale aims to provide its clients with a comprehensive and up-to-date view of the altcoin market.

The inclusion of VeChain on Grayscale’s watchlist is significant, as it is a blockchain platform that focuses on supply chain management and smart contracts. VeChain has gained attention for its unique use case and partnerships with various companies in the logistics and retail sectors. Its addition to Grayscale’s watchlist signals the growing importance of supply chain-focused cryptocurrencies in the market.

Dogecoin, which started as a joke cryptocurrency but has since gained widespread popularity, has also been added to Grayscale’s watchlist. Dogecoin’s strong community support and use in charitable initiatives have helped propel it to the forefront of the cryptocurrency space. Its inclusion in Grayscale’s watchlist showcases the growing acceptance of meme-based cryptocurrencies in the mainstream financial world.

Pyth, a decentralized oracle system that provides real-time data for smart contracts, is another new addition to Grayscale’s watchlist. As decentralized finance (DeFi) continues to grow in popularity, the need for reliable and accurate data feeds has become more pronounced. Pyth’s addition to the watchlist highlights the increasing demand for DeFi-related projects in the cryptocurrency market.

Overall, Grayscale’s decision to expand its altcoin watchlist to include 40 assets demonstrates its commitment to providing investors with a comprehensive view of the cryptocurrency market. By adding VeChain, Dogecoin, and Pyth, among others, Grayscale is acknowledging the evolving landscape of cryptocurrencies and the shifting preferences of investors. As the cryptocurrency market continues to mature, Grayscale’s watchlist serves as a valuable resource for investors looking to stay informed about the latest trends and developments in the altcoin space.