Recent filing, product branding and accumulation trends suggest that Grayscale Investments is increasing its exposure to tokens such as ChainLink (Link), Zcash (ZEC), Stellar Lumens (XLM), and Filecoin (FIL).
This refers to the world’s largest digital asset manager, focusing on some Altcoin beyond Bitcoin and Ethereum.
Does Grayscale’s expanding Altcoin strategy signal where institutional money flows next?
Charts tracking Grayscale’s Holdings show that accumulation often precedes the rally, raising questions about which assets will be poised for the next breakout.
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Link: ETF momentum satisfies the strength on the chain
Grayscale applied for a Spot Link ETF in the US in early September. Asset Manager has sought SEC approval to convert the existing ChainLink Trust to NYSE ARCA into exchange industry funds listed under ticker GLNK.
The filing also included a potential staking component in which Coinbase’s custody acts as a custodian.
This development is because ChainLink shows significant resilience even during periods of broader market uncertainty, such as the US government closure.
Analysts at Crypto Online More point out how Link has one of the “cleanest macro setups” among Altcoins.
Meanwhile, the Link’s accumulation chart reflects stable purchasing pressures up until 2024, with lifting rising before price strength gets caught up.
This consistency between Grayscale’s institutional products and market behavior suggests that investors may already be profitable.
ZEC: Privacy Bet Returns to Spotlight
ZCASH (ZEC), a privacy-centric coin derived from Bitcoin’s codebase, has also discovered new interest in the institution.
Grayscale emphasized that ZEC’s Zk-Snarks technology is important for protecting transaction information amid growing financial surveillance. Its ZCASH trust remains open to accredited investors, giving speculations about broader mainstream exposure.
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Following a post by Grayscale, Zec surged over 110%, showing how institutional signals function as catalysts.
“ZEC with added grayscale – 110% instant pump +. Privacy Coin (Zero Knowledge) is currently hot and moving towards trends,” writes GA Crypto.
According to Coinglas data, Grayscale’s ZEC Holdings rose from 320,000 to 380,000 between January and August 2025. At Tandem, ZEC prices skyrocketed from $20 to $120 between August and October 2025, and Holdings remains stable despite its volatility.
Thor Torrens, a former special assistant at Potus and a member of the Zcash Advisory Panel, has revived Grayscale’s 2018 ZEC paper. He pointed out that if only 10% of the offshore wealth projected at $32 trillion flows into Zcash, the assets could theoretically reach $62,893 per coin.
Such a rating remains very speculative, but recent data on the chain supports bullish momentum.
Alphractal analysts highlight rising addresses over $10 million in ZEC. It also points to improvements in delta growth rates and MVRV Z scores, all informing fresh speculative influx.
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Meanwhile, community voices such as Eric Van Tassel have pointed out that ZEC has been integrated in a nine-year wedge pattern, comparing it to a resolution of a similar long-term structure with XRP and XLM breakouts.
XLM: From trust to ETF
Stellar Lumens (XLM) is another beneficiary of Grayscale’s strategic shift. XLM is attracting new attention as grayscale and 21 shares expand institutional access.
Coinglass data shows that Grayscale Investments’ XLM Holdings rose from 100 million to 120 million between July and October 2025. During this period, price action recorded significant volatility, while steady holdings imply grayscale confidence in XLM despite market volatility.
In January, the company rebranded the star Lumens Trust (GXLM) into an ETF, improving accessibility for both institutional and retail investors.
ETFs provide volume weighted prices, redemption mechanisms, and NYSE ARCA listings, providing measures to reduce liquidity gaps and premiums.
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The move follows a broader ETF milestone beyond Bitcoin and Ethereum, including approval for the Hashdex Nasdaq Crypto Index US ETF.
Cardano Ambassador Lucas Machaveli said the transition justified XLM among other altcoins as a utility-driven asset within its mainstream portfolio.
FIL: Accumulation prior to recognition?
Link, ZEC, and XLM are already watching the gathering as they accumulate, but Filecoin (FIL) remains an outlier.
Grayscale’s Filecoin Trust allows for exposure without the complexity of directly custodying FILs. At the same time, decentralized AI funds holding assets such as TAO, Near, Render, FIL, GRT highlight the position of FIL in AI intersections and decentralized storage.
Despite the modest price action, the holding data shows accumulation, suggesting that investors may be positioned early through grayscale.
With distributed storage set to expand in conjunction with AI-driven demand, FIL could be one of the next assets that will attract market attention.
Grayscale’s expansion lineup suggests a shift. With Link, ZEC, XLM and FIL accumulating ahead of broader market movements, grayscale could be shaping and signaling the narrative of future Altcoin.
Based on this, investors should monitor these products and consider previews that are equipped with Altcoins for their next meeting, while conducting their research.
