- AVAX added, while XRP and Cardano remain excluded.
- No CEO comments on rebalancing yet.
- Market responses track inclusion impact on AVAX.
Grayscale’s Q3 list inclusion of AVAX emphasizes the cryptocurrency’s growing institutional integration. The omissions of XRP and Cardano continue to spark discussions on Grayscale’s selection criteria amidst shifting market dynamics.
Grayscale Investments expanded its Q3 2025 list with new inclusions and key removals. Notably, Avalanche (AVAX) and Morpho have been added, while XRP and Cardano remain excluded. CEO Michael Sonnenshein’s leadership remains influential but no public comments from him are noted.
The addition of AVAX can be attributed to its institutional integration and steady network activity. Meanwhile, Lido DAO (LDO) and Optimism (OP) were removed due to regulatory risks and uncertainties regarding revenue growth. Grayscale’s official research portal detailed these changes.
AVAX’s inclusion indicates rising confidence in its potential, positively impacting its market perception. The decision aligns with Grayscale’s strategy amid regulatory complexities. Analysts note XRP and Cardano’s exclusion fosters speculation on assessment parameters.
“Grayscale included Avalanche (AVAX) in its Q3 update, indicating increased confidence in the asset’s long-term potential. Despite minimal recent growth in the smart contract sector, AVAX secured a place in the updated list. Grayscale cited the asset’s continued development and sustained activity as contributing factors.” — Grayscale Research Insights
Grayscale’s quarterly updates often influence asset visibility, with included tokens observing market-positive shifts. The exclusion of XRP and Cardano persists, despite regulatory resolutions and growth in total value locked (TVL), drawing community scrutiny to Grayscale’s consistent criteria.
The cryptocurrency sector observes significant long-term movements as DeFi continues to evolve. AVAX’s sustained activity posits potential institutional opportunities, and Morpho’s ongoing protocol updates may capture lender interest, subject to regulatory trends and technological advances.
