Grayscale's New Crypto Picks: What's Next for Altcoins?

Grayscale has recently unveiled its Q3 2025 “Assets Under Consideration” list, introducing 20 additional altcoins to its expanding portfolio of digital assets. This quarterly update reflects Grayscale’s ongoing commitment to monitoring and evaluating emerging patterns within the cryptocurrency sector, with a specific focus on assets that may be integrated into future investment products. The company continues to employ a sector-based methodology, assessing each asset not only by its market performance but also by the foundational strength of its underlying project.

One of the most notable adjustments in the Q3 2025 update is the inclusion of Avalanche (AVAX) and MORPHO in Grayscale’s “Top 20” list, supplanting Lido DAO (LDAO) and Optimism (OP). AVAX’s addition is attributed to its robust strategic partnerships and sustained organic growth. In contrast, Optimism was removed from the list due to a significant decline in Ethereum (ETH) reserves and broader questions about its relevance as the Ethereum ecosystem increasingly prioritizes interoperability. Additionally, the replacement of LDAO from the “Utilities & Services” sector with MORPHO from “Financials” illustrates a broader shift in sectoral performance and investment focus.

The revised list underscores Grayscale’s heightened emphasis on blockchain infrastructure, tangible real-world applications, and next-generation network technologies. Several of the newly included projects demonstrate notable developmental momentum and practical utility, serving as indicators for investors interested in assets that may be incorporated into Grayscale’s official investment offerings. The precedent set by assets such as Dogecoin and Pyth Network, which transitioned from the watchlist to Grayscale trusts earlier in 2025, highlights the crucial role of this list. Ultimately, these updates reinforce Grayscale’s agile approach to portfolio management amid evolving market dynamics and technological progress.