Grayscale Q3 2025 Assets Under Consideration List Features 31 Tokens

Grayscale Reduces Asset Consideration List from 40 to 31 Tokens

Grayscale Research has published its Q3 2025 Assets Under Consideration list, featuring 31 altcoin candidates for potential inclusion in future investment products. This represents a significant reduction from the previous quarter's 40 tokens, indicating a more selective approach to asset evaluation.

The asset management firm, known as one of the largest Bitcoin ETF issuers, regularly updates its consideration lists to identify promising altcoins and sector-specific investment opportunities. The latest Q3 2025 version shows substantial changes from previous quarters.

Major Changes in Asset Categories

The Q3 2025 list demonstrates significant trimming across multiple categories compared to the Q2 2025 version. The Smart Contracts category decreased from 12 altcoins to just seven tokens, while the Utilities and Services category contracted from 13 to four tokens.

This reduction continues a trend of narrowing focus, as the current list contains fewer tokens than both the Q1 2025 and Q4 2024 versions. The strategic consolidation suggests Grayscale is becoming more selective in its asset evaluation process.

Tokens Removed from Consideration

Grayscale removed 16 tokens from its previous consideration list. The eliminated assets include Babylon, Berachain, Celestia, MOVE, TRON, VeChain, Mantra, ELIZA, Immutable, Akash, FET, Arweave, Eigen Layer, Geodnet, Helium, and Sentient.

These removals represent a significant culling of previously considered assets, indicating shifting priorities or changed market conditions influencing Grayscale's evaluation criteria.

New Additions to the Q3 2025 List

Notable new additions to the Assets Under Consideration list include BONK, which joins after demonstrating strong recent performance. The memecoin has shown dramatic price increases, making it an interesting addition to Grayscale's watchlist.

Hypeliquid also appears among the new considerations, along with several other tokens that represent emerging opportunities in the cryptocurrency market.

AI Token Category Introduction

Grayscale introduced a new category specifically for AI tokens in the Q3 2025 list. Some tokens from previous lists have been reclassified into this artificial intelligence-focused category, reflecting the growing importance of AI-related blockchain projects.

This categorization aligns with broader market trends emphasizing artificial intelligence integration in cryptocurrency and blockchain technologies.

Uncertain Status Tokens

Six tokens have unclear categorization status: MegaETH, Monad, Lombard, Playtron, Prime Intellect, and Story (IP). Grayscale indicates these tokens don't fit neatly into its main asset categories, suggesting they may represent emerging sectors or unique use cases.

Historical Context of Grayscale's Asset Lists

Grayscale's quarterly Assets Under Consideration lists serve as market indicators for institutional cryptocurrency interest. However, inclusion on these lists doesn't guarantee future investment products, as historically few considered assets transition to actual Grayscale offerings.

The firm provides more detailed explanations in its Top 20 lists, while Assets Under Consideration typically consists of raw data without extensive rationale for selections.

Market Impact and Implications

The reduction in considered assets from 40 to 31 tokens suggests Grayscale is implementing stricter evaluation criteria. This selectivity may indicate maturing investment thesis or response to regulatory considerations affecting cryptocurrency investment products.

The inclusion of popular tokens like BONK demonstrates Grayscale's willingness to consider memecoins alongside traditional utility tokens, potentially broadening its investment approach.

Investment Considerations

While Grayscale's Assets Under Consideration lists influence market sentiment, investors should conduct independent research before making investment decisions. The firm's consideration doesn't guarantee future product development or positive performance outcomes.

The quarterly updates provide insight into institutional cryptocurrency investment trends but should be viewed as one factor among many in comprehensive investment analysis.

Conclusion

Grayscale's Q3 2025 Assets Under Consideration list reflects a more focused approach to cryptocurrency asset evaluation. With 31 tokens under review, including new additions like BONK and Hypeliquid, the list demonstrates continued institutional interest in diverse cryptocurrency sectors while maintaining selectivity in asset consideration.