Let’s take a look at Grayscale’s recent moves.

In this bull run, almost all the altcoins held by Grayscale have pumped, and the gains have not been small. In the first half of 2024, major coins and AI coins like BTC, ETH, SOL, BCH, and LPT pumped early; then in the second half of 2024, it was XRP, XLM, and LTC; next, last month’s hype was around privacy coins like ZEN and ZEC; and finally, in the past few days, BAT has been continuously rising. You could say Grayscale’s picks aren’t great, but the coins in its portfolio have outperformed 99% of institutions and retail investors in this bull run.
Currently, the only ones in Grayscale’s holdings that haven’t pumped yet are $ETC $MANA $FIL , and Grayscale has been increasing its position in FIL recently. I personally hold some ETC, since Grayscale still holds $165 million worth of ETC, and ETC has always been a “doomsday chariot”—it usually pumps at the end of every bull run. I’ll hold patiently and see if there are any surprises later.