Grayscale Expands Crypto Horizons with Babylon, Berachain on Watchlist

New Investment Opportunities on the Horizon?

Grayscale’s latest update to its asset consideration list highlights emerging blockchain projects, signaling a growing appetite for innovation in the crypto space.

New York, April 11, 2025 — Grayscale Investments, a leading digital asset manager, announced on April 10, 2025, an update to its “Assets Under Consideration” and “Current Products” lists, spotlighting several emerging blockchain projects. Among the new additions are Babylon, Berachain, Monad, and Movement, reflecting Grayscale’s ongoing efforts to identify high-potential assets in the rapidly evolving crypto ecosystem.

A Diverse Watchlist

Grayscale categorizes its assets into five key sectors: Currencies, Smart Contract Platforms, Financials, Consumer and Culture, and Utilities and Services. The newly added projects—Babylon, Berachain, Monad, and Movement—are poised to make waves in the Smart Contract Platforms and Utilities categories. Babylon focuses on Bitcoin staking solutions, Berachain aims to enhance DeFi with its proof-of-liquidity consensus, Monad targets high-performance Ethereum-compatible scaling, and Movement leverages the Move programming language for secure blockchain applications.

The company emphasized that its consideration list is not a guarantee of future investment products. “The list will be updated periodically as the crypto ecosystem evolves,” Grayscale stated in its announcement. “Not all assets under consideration will become investment products, and final products may include assets not currently on the list.”

Grayscale’s Strategic Vision

Grayscale’s update comes at a pivotal moment for the crypto industry. Just a day earlier, New York introduced Bill 7788 to allow state agencies to accept cryptocurrencies like Bitcoin and Ethereum as payment, while the SEC dropped its lawsuit against Helium, signaling a more lenient regulatory stance. On the same day, President Trump signed the first U.S. crypto law, scrapping the IRS’s DeFi Broker Rule, and Nasdaq filed for a VanEck Avalanche ETF. These developments point to a growing acceptance of digital assets, which may be fueling Grayscale’s interest in new projects.

Grayscale has a history of identifying promising assets early. Its Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) have attracted billions in investments, with GBTC alone managing over $20 billion in assets as of early 2025. The firm’s focus on emerging projects like Berachain and Monad suggests a strategic push to diversify its portfolio beyond established assets.

Challenges and Opportunities

Despite the optimism, challenges remain. Grayscale’s consideration list does not guarantee product launches, and regulatory hurdles could delay or derail new offerings. The SEC’s evolving stance under new Chair Paul Atkins, who took office on April 10, may provide a more favorable environment, but uncertainties persist. Additionally, emerging projects like Monad and Movement must prove their technological and market viability in a competitive landscape.

What’s Next?

Grayscale’s update underscores its commitment to staying at the forefront of crypto innovation. As the firm continues to evaluate new assets, investors will be watching closely for signs of the next big crypto star. Will Babylon or Berachain follow in the footsteps of Solana and Avalanche? Only time will tell, but Grayscale’s latest move has certainly put these projects on the map.