Fabric Protocol

Maple Finance

Grayscale

Virtuals Protocol

Artificial intelligence is now the biggest bucket on Grayscale's altcoin watchlist. The asset manager's Q2 2026 "Assets Under Consideration" list, published April 10, features 30 names across four sectors, with 10 of them sitting under AI alone.That is up from seven AI names in Q1, and it came with a roster cut from 36 assets to 30, the removal of the entire Consumer and Culture category, and fresh additions including&nbsp;<a href="https://x.com/CantonNetwork" rel="noopener noreferrer nofollow">@CantonNetwork</a>, Helium, Kite AI, Venice, and Fabric Protocol. It is the clearest signal yet of where one of the largest crypto asset managers is pointing its research desk.<h2 id="span-span-strong-what-does-under-consideration-actually-mean-strong-span-span">What does "under consideration" actually mean?</h2><a href="https://x.com/Grayscale" rel="noopener noreferrer nofollow">@Grayscale</a> defines Assets Under Consideration as digital assets not currently in a Grayscale product but flagged by its research team as possible candidates for a future one. The list is illustrative, not a promise. Tokens can drop off a quarter later, and inclusion does not guarantee a fund filing.Still, it carries weight. Grayscale runs some of the largest crypto trusts and ETFs in the US, and its quarterly updates tend to move attention and price action when they land.<h2 id="span-span-strong-the-full-q2-2026-list-strong-span-span">The full Q2 2026 list</h2>Smart Contract Platforms:<ul><li>Canton Network - $CC</li><li>Celo - $CELO</li><li>Mantle - $MNT</li><li>MegaETH - $MEGA</li><li>Monad - $MON</li><li>Toncoin - $TON</li><li>Tron - $TRX</li></ul>Financials:<ul><li>Ethena - $ENA</li><li>Hyperliquid - $HYPE</li><li>Jupiter - $JUP</li><li>Kamino Finance - $KMNO</li><li>Maple Finance - $SYRUP</li><li>Morpho - $MORPHO</li><li>Pendle - $PENDLE</li></ul>Artificial Intelligence:<ul><li>Fabric Protocol - $ROBO</li><li>Flock - $FLOCK</li><li>Grass - $GRASS</li><li>Kaito - $KAITO</li><li>Kite AI - $KITE</li><li>Nous Research</li><li>Poseidon</li><li>Venice - $VVV</li><li>Virtuals Protocol - $VIRTUAL</li><li>Worldcoin - $WLD</li></ul>Utilities and Services:<ul><li>DoubleZero - $2Z</li><li>Geodnet - $GEOD</li><li>Helium - $HNT</li><li>Jito - $JTO</li><li>LayerZero - $ZRO</li><li>Wormhole - $W</li></ul>The Currencies bucket got no new names, and the Consumer and Culture category has been removed from the framework entirely.<h2 id="span-span-strong-why-is-ai-now-the-biggest-bucket-strong-span-span">Why is AI now the biggest bucket?</h2>AI grew from seven names in Q1 to 10 in Q2, making it the largest single category. Grayscale added&nbsp;<a href="https://x.com/FabricFND" rel="noopener noreferrer nofollow">@FabricFND</a>, Kite AI, and Venice while keeping Flock, Grass, Kaito, Virtuals Protocol, and Worldcoin on the watchlist.The tilt lines up with a broader thesis that decentralized compute, data, and agent networks are the next frontier for crypto product design.&nbsp;<a href="https://x.com/grass" rel="noopener noreferrer nofollow">@grass</a> stands out in particular. The project focuses on distributed web scraping for AI training data and has climbed from a niche retail play into a name serious desks now track.<h2 id="span-span-strong-who-got-cut-from-the-list-strong-span-span">Who got cut from the list?</h2>Grayscale removed 11 names between Q1 and Q2:<ul><li>Smart Contract Platforms: Aptos - $APT, Arbitrum - $ARB, BNB Chain - $BNB,&nbsp;<a href="https://bsc.news/post/what-is-polkadot-complete-guide" rel="noopener noreferrer nofollow">Polkadot</a> - $DOT</li><li>Financials: Euler - $EUL, Lombard - $BARD, Plume Network - $PLUME, Sky - $SKY</li><li>Consumer and Culture: ARIA Protocol, Bonk, Playtron</li></ul><a href="https://bsc.news/post/what-are-smart-contracts-and-how-do-they-work" rel="noopener noreferrer nofollow">Smart contract</a> platform names fell from 10 to seven, financials from 11 to seven, and Utilities and Services ticked up from five to six.<h2 id="span-span-strong-what-caught-the-market-s-eye-strong-span-span">What caught the market's eye?</h2>Three additions pulled most of the chatter.<a href="https://x.com/JupiterExchange" rel="noopener noreferrer nofollow">@JupiterExchange</a>, the Solana-based DEX aggregator, was a surprise under Financials given the ongoing debate around&nbsp;<a href="https://bsc.news/post/decentralized-finance-defi-comprehensive-guide" rel="noopener noreferrer nofollow">DeFi</a> app tokens and revenue capture. Helium landed in Utilities and Services after years of skepticism about decentralized wireless economics.&nbsp;<a href="https://bsc.news/post/grass-token-analysis-make-money-unused-internet-bandwidth" rel="noopener noreferrer nofollow">Grass</a> rounded out the AI bucket and continues its climb from a retail-favorite data project into a watchlist regular.Replies under Grayscale's announcement post were dominated by $KAS (<a href="https://bsc.news/post/kaspa-blockchain-kas-token-guide" rel="noopener noreferrer nofollow">Kaspa</a>) holders asking why their chain did not make the cut. That pressure tends to resurface every quarter when the list gets refreshed.<h2 id="span-span-strong-what-happens-next-strong-span-span">What happens next?</h2>Grayscale said it plans to refresh the list as often as 15 days after each quarter ends, which puts the Q3 version on track for mid-July. In the meantime, the firm has already filed with the SEC for a spot Hyperliquid ETF, pulling one of the Q2 names into active product discussion.For traders, the takeaway is narrow. Grayscale has a long history of screening assets that never reach a product filing, so the list is better read as a research signal than a buying cue. Even so, it remains one of the cleaner windows into how a major asset manager is thinking about crypto sectors right now.Sources:<ul><li><a href="https://www.grayscale.com/blog/general-updates/assets-under-consideration-current-products" rel="noopener noreferrer nofollow">Grayscale</a> official Assets Under Consideration page, updated April 10, 2026</li><li><a href="https://finance.yahoo.com/markets/crypto/articles/grayscale-cuts-q2-altcoin-watchlist-132052914.html" rel="noopener noreferrer nofollow">Yahoo Finance</a> breakdown of the Q2 list including assets cut from the prior quarter</li><li><a href="https://crypto.news/grayscale-expands-q2-crypto-watchlist-as-hype-etf-filing-gains-steam/" rel="noopener noreferrer nofollow">Crypto.news</a> reporting on the Q2 list alongside the spot HYPE ETF filing</li><li><a href="https://www.tradingview.com/news/coinpedia:92ad2bb65094b:0-grayscale-is-accumulating-these-altcoins-in-q2-2026/" rel="noopener noreferrer nofollow">TradingView News</a> coverage of the institutional themes behind the update</li></ul>

Which Altcoins Made Grayscale's 'Assets Under Consideration'?

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