Grayscale Investments has removed Kaspa (KAS) from its list of potential assets to be listed, joining a growing list of major financial institutions that are steering clear of the cryptocurrency. This action adds another layer of complexity for the Kaspa community, who are now left wondering whether Grayscale plans to list KAS or abandon it entirely. KaspaSilver, a prominent member within the community, believes this could mean one thing: either Grayscale is ready to list KAS soon, or they’ve decided not to proceed with listing it. Kaspa’s position in the crypto ranking by market capitalization remains crucial as Grayscale’s track record of listing top 50 coins might provide hope for a future listing, but more details are needed.
It’s unclear why Kaspa was removed from Grayscale’s list, but KaspaSilver’s insights offer some optimism. The removal is unlikely to be a direct sign of rejection from Grayscale, as the firm has established a clear policy of listing top 50 cryptocurrencies, and Kaspa consistently maintained its position in this category.
While Kaspa’s community awaits clarity on their future strategy, Kaspa Silver emphasizes the project’s goal is to be used in real-world transactions rather than merely sitting as an investment.
Despite Grayscale’s decision, many analysts remain optimistic about Kaspa’s future. The cryptocurrency’s recent surge in value has solidified its position as a top 50 cryptocurrency, with market capitalization exceeding $4.2 billion in just three years. Kaspa’s technological innovation, particularly its progress toward achieving 10 blocks per second (BPS) and the integration of smart contracts, is viewed as key factors driving long-term growth.
Despite institutional hesitation, Kaspa Silver believes that Kaspa’s success will be driven by real-world adoption. The community has been actively engaging with Grayscale on social media to voice their concerns about the decision, urging them to reconsider and potentially influence the decision-making process.
Kaspa’s future is far from certain. However, one thing remains clear: While institutional support might play a crucial role, Kaspa’s success will be ultimately determined by its ability to deliver on its technological promise and address the needs of real-world users.