Grayscale Investments added Solana and Uniswap to its large cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, including two diversified portfolios.
Solana and Uniswap Added to Grayscale Fund
Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund.
For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the company sold some of the existing components and used the proceeds in cash to purchase solana (SOL) and uniswap (UNI). Grayscale said:
[This is] the first time solana (SOL) will be included in a Grayscale investment vehicle.
It was also the first time that uniswap had been added to the large cap fund. However, the token has been in the Grayscale Defi Fund since the portfolio launched in July.
At the end of the day on October 1, the constituents of the large cap fund were bitcoin (BTC), 62.19%; ethereum (ETH), 26.08%; cardano (ADA), 5.11%; solana (SOL), 3.24%; uniswap (UNI), 1.06%; chain link (LINK), 0.82%; litecoin (LTC), 0.77%; and
bitcoin cash (BCH), 0.73%.
The addition of solana and uniswap followed the addition of cardano (ADA) to the large-cap fund, announced in July.
For the Grayscale Defi Fund, no new tokens have been added or removed. At the end of the day on Oct. 1, the fund’s components were uniswap (UNI), 45.20%; aave (AAVE), 14.11%; makerdao (MKR), 7.84%; sushiswap (SUSHI), 7.18%; compound (COMP), 6.73%; synthetix (SNX), 6.29%; yearn finance (YFI), 3.92%; curve (CRV), 3.53%; bancor network token (BNT), 3.04%; and UMA Protocol (UMA), 2.16%.
Grayscale’s total assets under management (AUM) as of October 1 was $ 41.5 billion. Besides the large-cap fund and the Defi fund, the company offers investments in single asset funds in bitcoin, bitcoin cash, basic attention token, chainlink, decentraland, ethereum, ethereum classic, filecoin, horizen, litecoin, livepeer, stellar lumens, and zcash.
