Grayscale has taken Kaspa (KAS) off its list of potential assets to be listed. This adds Grayscale to the growing list of major financial institutions keeping their distance from Kaspa.
KaspaSilver, a key Kaspa community member, says this could mean two things: either Grayscale is about to list KAS, or they’ve decided not to move forward with it. KaspaSilver’s friend reached out to Grayscale and was told they make sure all top 50 coins get listed—a category where KAS has consistently maintained its position.
It isn’t clear why Kaspa was removed, but revealing Grayscale’s plan to list the top 50 cryptos still gives the KAS community some hope if they remain at that position. At the time of writing, Kaspa is at the 43rd position in the crypto ranking by market capitalization. Maintaining this level or achieving a higher ranking could improve the token’s chances of being listed.
$KAS So it looks like @Grayscale has removed $KAS from being a potential asset to be listed. This can mean two things. They are preparing to list $KAS or they are completely moving on.
— Kaspa Silver 𐤊 (@KaspaSilver) April 11, 2025
I had a buddy reach out to them and they let them know that they ensure that all coins in the… pic.twitter.com/vnY9YdDjTN
KaspaSilver reminds everyone that institutional recognition shouldn’t be the main goal for a peer-to-peer proof-of-work cryptocurrency like Kaspa. “The goal of Kaspa is NOT to have coins sitting in a wallet for eternity but instead for it to be used,” KaspaSilver says, emphasizing that real-world utility matters more than speculative investments.
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Major Institutions Sidestepping Kaspa
Many in the Kaspa community wonder why big players seem to be avoiding their cryptocurrency. Community member Shem highlighted this puzzling situation. Despite Kaspa’s Crescendo update coming in just three weeks and being listed on most global exchanges, major U.S. exchanges (except Kraken) haven’t embraced it.
Let me ask you a question. What good has come from the past 5 or 6 months of being on the GS list?
— chillenallday (@chillenall87270) April 11, 2025
KaspaSilver doesn’t think Kaspa is being “avoided” but rather “strategically ignored” by these institutions – suggesting there’s a calculated decision behind this rather than outright rejection.
Analyst Optimism About Kaspa Future
Despite big institutions being reluctant, many analysts remain optimistic about Kaspa’s future. Community member SURAJ_041 boldly predicted that “KAS is going to be in the top 3 crypto in the world.” This confidence comes from Kaspa’s technological advances, especially its progress toward 10 blocks per second (BPS) and smart contracts.
This view matches Kaspa’s technological goals. Kaspa uses the GHOSTDAG protocol, which allows parallel blocks to exist together, making the network more efficient and scalable. The project has already reached 10 BPS on its testnet, setting a new standard for proof-of-work networks with faster transaction speeds. Kaspa is also working on adding smart contracts, which could expand what it can do and attract more developers and users.
Market data supports optimism about Kaspa’s future. The cryptocurrency has grown remarkably, with a market value over $4.2 billion, becoming the fifth-largest proof-of-work cryptocurrency in just three years.
Read Also: How Much Could 100,000 KAS Tokens Be Worth by 2026? | Kaspa Price Prediction
As SURAJ_041 suggests, people still have a chance to “accumulate cheap KAS” before the market fully recognizes its potential value.
For those worried about Grayscale’s decision, KaspaSilver suggests community members can “apply pressure” by questioning the decision on Grayscale’s social media or contacting them directly. However, the main message is clear: institutional recognition is just one part of cryptocurrency success, not the ultimate measure of a project’s value or potential.
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