Grayscale Considers New ETFs for HBAR, XRP, XLM, and Dozens of Other Tokens

• Grayscale’s Jan 12 update lists 36 assets under consideration across smart contracts, finance, AI, consumer, and utilities.
• Current Grayscale products include HBAR, ETH, XRP and XLM across its crypto sectors framework.

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Grayscale Investments has updated its “Assets Under Consideration and Current Products” overview this week. It lists digital assets already included in Grayscale’s product family and a separate set of candidates that may be used in future products. Both lists are organized under the firm’s Crypto Sectors framework.

In the current product suite, the currencies category includes Bitcoin, Litecoin, Stellar Lumens (XLM), XRP, and others. The smart contract platforms category lists Ethereum (ETH) and Hedera Hashgraph (HBAR), alongside networks such as Avalanche, Cardano, Optimism, Solana, and Sui.

The “assets under consideration” are not currently in a Grayscale product but have been identified as possible candidates for a future offering. The firm said it aims to update the list as frequently as 15 days after quarter-end, and that changes can also occur within a quarter.

The update does not announce filings for any specific new trusts or ETFs. Grayscale described the list as illustrative and said assets can enter products without appearing on the table first.

Grayscale Watchlist Spans Smart Contracts, DeFi and AI

Within smart contract platforms, Grayscale listed ten assets under consideration, including Aptos (APT), Arbitrum (ARB), Binance Coin (BNB), Polkadot (DOT), Toncoin (TON), and Tron (TRX). In financials, the watchlist includes Ethena (ENA), Hyperliquid (HYPE), Jupiter (JUP), Morpho (MORPHO), Pendle (PENDLE), and others.

Consumer and culture candidates include ARIA Protocol (ARIAIP), Bonk (BONK), and Playtron. Artificial intelligence candidates include Flock (FLOCK), Grass (GRASS), Kaito (KAITO), Nous Research, Poseidon, Virtuals Protocol (VIRTUAL), and Worldcoin (WLD). Utilities and services candidates include DoubleZero (2Z), Geodnet (GEOD), Jito (JTO), Layer Zero (ZRO), and Wormhole (W).

Grayscale said product creation involves internal controls, custody readiness, and regulatory review. It added that not every asset under consideration will become an investment product, and that it may assess additional assets beyond the published list.

The update arrives as U.S. lawmakers continue work on market structure legislation for digital assets. On January 13, 2026, U.S. senators introduced draft legislation that would define when crypto tokens are securities or commodities and would give the Commodity Futures Trading Commission oversight over spot crypto markets.

The House’s Digital Asset Market Clarity Act of 2025 also uses “ancillary asset” terminology, and reporting on the Senate draft has referenced a “non-ancillary” category tied to tokens that already underlie an exchange-listed ETP.

At press time, HBAR price traded at $0.1267, XRP at $2.15, and XLM at $0.2448, up 9% in the last 24 hours.

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