Grayscale Expands Q2 2026 Watchlist With Hyperliquid, TRON, Toncoin and AI Tokens

• Grayscale has released its Q2 2026 Assets Under Consideration list, covering smart contract, DeFi, AI and utility-focused tokens.
• The latest watchlist includes names such as Hyperliquid, Toncoin, TRON, Worldcoin, Jupiter, LayerZero and Helium.

Grayscale has published its Q2 2026 “Assets Under Consideration” list, offering the market a fresh look at which digital assets the firm may be studying for future investment products. The update spans several segments of the crypto market, from smart contract platforms and DeFi protocols to AI-linked tokens and infrastructure plays. As usual, inclusion on the list does not mean a fund launch is imminent. Still, Grayscale’s watchlist tends to draw attention because it often signals where institutional product issuers believe demand, narrative strength or market structure may be building. Smart contracts, DeFi and AI dominate the latest review In the smart contract category, Grayscale listed Canton, Celo, Mantle, MegaETH, Monad, Toncoin and TRON. The financials bucket included Ethena, Hyperliquid, Jupiter, Kamino Finance, Maple Finance, Morpho and Pendle. The AI grouping was especially broad. It featured Fabric Protocol, Flock, Grass, Kaito, Kite AI, Nous Research, Poseidon, Venice, Virtuals Protocol and Worldcoin. That spread suggests Grayscale is not treating AI as a single narrow trade, but more like a developing sector with several possible entry points. There is a similar logic in the utilities and services category, where the firm included DoubleZero, Geodnet, Helium, Jito, LayerZero and Wormhole. These are not all competing for the same use case, which makes the list feel more like a map of where infrastructure attention is gathering than a pure style bet. A watchlist, not a commitment That distinction matters. Grayscale’s “under consideration” label is not the same as formal product approval or launch planning. It is better read as an institutional screening document, one that shows which assets have made it far enough to warrant closer internal review. Even so, these lists matter because they help shape market perception. When an asset shows up on Grayscale’s radar, traders tend to read it as a sign that the token has at least crossed a threshold of relevance in the eyes of a major digital asset manager. For this quarter, the broader message is fairly clear. Grayscale is casting a wide net, but it is especially alert to the intersection of onchain financial infrastructure, smart contract ecosystems and the increasingly crowded AI-token trade.