Crypto Biz: Do you believe in Ethereum killers? Put your money where your mouth is, March 18–24

cointelegraph.com:

While crypto markets are still in a state of “fear,” as evidenced by Bitcoin’s Fear & Greed Index, the industry as a whole is giving us reasons to be bullish. Large venture funding rounds, growing adoption of decentralized governance models and new institutional-grade product offerings suggest that crypto is more than just daily chart patterns. 

This week’s Crypto Biz newsletter looks at a new Grayscale product that’s giving accredited investors more ways to bet on the so-called “Ethereum killers.” We also document two funding stories and draw your attention to the latest developments surrounding El Salvador’s Bitcoin (BTC) bond.

Grayscale Investments, the world’s largest digital asset manager, has officially launched its 18th investment product focused on Ethereum competitors. The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known as GSCPxE, will provide exposure to seven smart contract platforms: Cardano, Solana, Avalanche, Polkadot, Polygon, Algorand and Stellar. These high-profile Ethereum competitors can now be accessed by accredited investors via GSCPxE. While Ethereum remains king of the decentralized application (DApp) market, decentralized finance (DeFi) has become a much more level playing field. Only time will tell whether the aforementioned “Ethereum killers” will become popular among institutional investors.

Here’s a snapshot of Grayscale investment products as of March 21, 2022.Visit our product tracker for daily updates: https://t.co/XOE44lKFHm$AAVE $ADA $AMP $BTC $BAT $BCH $COMP $CRV $ETH $ETC $FIL $LINK $LPT $LTC $MANA $MKR $SNX $SOL $SUSHI $UNI $XLM $YFI $ZEC $ZEN pic.twitter.com/Nal3Qg5Mm7

Former Polychain Capital general partner Tekin Salimi has taken a novel approach to fund crypto