Grayscale Rebalances Crypto
Lage Cap Fund
to 90%
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Grayscale Rebalances Crypto Lage Cap Fund to 90% Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
The remainder of the fund's assets will be split among XRP, Solana, and
now Cardano.
By Connor Sephton
Jan 9, 2025 Jan 9, 2025
2 min read
Source: Shutterstock
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Grayscale Investments has announced a reshuffle of its crypto-focused
funds—with winners and losers starting to emerge.
The asset manager has ditched Avalanche from its Digital Large Cap Fund in
order to make room for a small allocation of Cardano.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum make up 90% of this portfolio, with the remainder split
among XRP, Solana, and now Cardano .
In an announcement, the company stressed this adjustment was based on
fluctuations in the CoinDesk Large Cap Select Index.
Avalanche has struggled to perform in the current bull run—with AVAX's
price basically flat compared with a year ago. By comparison, its replacement
Cardano has rallied by 75% over the same period.
Elsewhere, there's been a reshuffle in the GSCPxE Fund, which tracks
smart contract platforms except Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum.
Solana and Cardano carry a 75% weighting in this portfolio, with Avalanche on
about 9%. A rebalancing means Sui has been added into this fund with an
allocation of 8%. This leaves a little room for exposure to NEAR Protocol and
Polkadot .
Changes are also being made to the AI Fund, which by comparison is more evenly
split across a flurry of crypto projects.
NEAR Protocol has a weighting of about 30% here, followed by Render on 20%,
Bittensor on 19%, Filecoin on 17% and The Graph on 10.45%. A small bet of 2.8%
has now been made on Livepeer, which offers decentralized infrastructure for
building video applications.
Meanwhile, Synthetix has been swapped out for Curve as the smallest
constituent in the Grayscale Decentralized Finance Fund, which is heavily
dominated by Uniswap (47.88%) and Aave (27.87%.)
Grayscale Investments rebalances the composition of its multi-asset funds once
a quarter, and is looking to expand upon the exchange-traded funds it offers
to investors on Wall Street.
It's already looking to convert its Digital Large Cap Fund and Solana
Trust into ETFs—and hopes that a more relaxed regulatory atmosphere at the SEC
under Donald Trump will pave the way for their approval.
Edited by Stacy Elliott .
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