Altcoin

Grayscale adds Solana and Uniswap to its Digital Large Cap Fund portfolio

  • Grayscale Investments adds SOL and UNI to the Grayscale Digital Large Cap Fund (GDLC) portfolio
  • Solana and Uniswap were added to the portfolio because of their growth in market cap
  • Grayscale's products continue to attract the attention of investors

Grayscale Investments is now adding Solana’s token SOL and Uniswap’s UNI to the Grayscale Digital Large Cap Fund (GDLC) portfolio.

SOL and UNI were added due to their growth in market cap

The Grayscale Digital Large Cap Fund (GDLC) was launched in February 2018 and has $495 million in assets under management. The fund rebalances its portfolio quarterly and this time the fund decided to reduce its holdings in Litecoin (LTC) and Bitcoin Cash (BCH). Instead, it added SOL and UNI, which now account for 3.24% and 1.06% of the fund’s holdings, respectively.

Solana, which claims to be the world’s fastest blockchain and decentralized crypto trading protocol Uniswap were added to the GDLC due to their growth in market cap in recent months.

Grayscale’s products continue to attract the attention of investors

After the last quarterly rebalancing, Grayscale’s portfolio contained 4.26% Cardano ADA, making it the third-largest asset in the Digital Large Cap Fund. However, the latest adjustment means ADA now accounts for 5.11% of the fund.

Bitcoin (BTC) and Ether (ETH) continue to hold the largest share of the GDLC crypto basket at 62.19% and 26.08% respectively. Chainlink’s LINK token, Bitcoin Cash and Litecoin together account for 2.32% of the GDLC basket, which is down from 2.88% in July.

Grayscale’s products continue to attract the attention of investors. Financial giants such as Morgan Stanley have more than doubled their investment in Grayscale Bitcoin Trust as their sole asset.

Sign up for our FREE mailing list

Join 12,590 others now and get actionable research and analysis sent directly to your inbox.

Post a Comment

GET YOUR CRYPTO DAILY BRIEF

Delivered daily, straight to your inbox.