Grayscale Investments released its Q3 2025 'Assets Under Consideration' list, featuring 31 altcoins – a significant reduction from Q2's 40 tokens. The updated roster includes new additions like Solana-based memecoin BONK alongside established altcoins such as APT, ARB, BNB, and TON, while removing 16 previously listed tokens including Celestia, Fetch.ai (FET), and TRON.
The list, shared via Grayscale's official X account on July 10, categorizes tokens across sectors like smart contracts (7 tokens), utilities & services (4 tokens), and introduces a new AI token category. Notable inclusions span Layer 1 blockchains (Aptos, The Open Network), Layer 2 solutions (Arbitrum), DeFi protocols (Ethena's ENA, Pendle), and emerging sectors like real-world assets (Plume Network) and decentralized infrastructure (Grass).
BONK's inclusion follows a week of strong price performance, highlighting Grayscale's acknowledgment of community-driven assets. The firm didn't provide rationale for specific additions or removals, though the screening process evaluates regulatory compliance, liquidity, and technological viability. Historically, Grayscale's consideration signals institutional validation but doesn't guarantee product launches due to regulatory hurdles.