Research Team
Last Updated: 11/3/2023 | 5 min. read
Examples provided for illustrative purposes. Allocations are subject to change.
Investors can think of the Grayscale Currencies Crypto Sector similarly to how they might think of traditional currencies—with some critical distinctions. For many investors, a currency is typically defined as a: (i) store of value, (ii) medium of exchange, and (iii) unit of account. The value of a traditional currency reflects its perceived worth among users as well as aggregate demand in light of local, societal, and global macroeconomic risks. The same holds true with currencies in crypto.
In this way, open-sourced and decentralized currencies in crypto are “trustless”; instead of needing a centralized authority or intermediary, network users need only trust the underlying code.
Important Information
Indexes are unmanaged and one cannot invest directly in an index
Investments in digital assets are speculative investments that involve high degrees of risk, including a partial or total loss of invested funds. Investments in digital assets are not suitable for any investor that cannot afford loss of the entire investment.
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This content does not constitute a recommendation or take into account the particular investment objectives, financial situations, or needs of investors.
Investors are not to construe this content as legal, tax or investment advice, and should consult their own advisors concerning an investment in digital assets. The price and value of assets referred to in this content and the income from them may fluctuate. Past performance is not indicative of the future performance of any assets referred to herein. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments.
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There is no guarantee that the market conditions during the past period will be present in the future. Rather, it is most likely that the future market conditions will differ significantly from those of this past period, which could have a materially adverse impact on future returns. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. We selected the timeframe for our analysis because we believe it broadly constitutes the most complete historical dataset for the digital assets that we have chosen to analyze.
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