Logo
Cardano Ecosystem

Cryptonary

11/13/2021

·

484 views


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

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)...

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

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.

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on Cryptonary

ORIGINAL SOURCE

https://www.cryptonary.com/grayscale-add...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from Cryptonary

See more
CoinSwitch Kuber welcomes India’s first rupee-based crypto index
Cryptonary
CoinSwitch Kuber welcomes India’s first rupee-based crypto index

06/03/2022

·

1.9K views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analyticsWorld’s First Multi-Token ISPO — By Genius X