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- Grayscale Investments has disclosed the amended fund component weightings for each product.
- Grayscale revealed that it had trimmed the portfolio of the GSCPxE Fund.
- GSCPxE Fund aims to provide exposure to investors in several leading smart contract platforms.
Grayscale Investments has revealed the revised fund component weightings for each product. The digital currency asset management company disclosed the information after the Q2, 2022 evaluation. Grayscale revealed in a press release that it had cut down on its portfolio of the Digital Large Cap Fund. They did it by selling portions of the current fund components as per their weightings.
Bitcoin Cash, Chainlink, Polkadot, Uniswap, and Litecoin, are no longer a part of the Digital Large-cap as a result of the rebalancing. Grayscale also stated that the Digital Large Cap hasn’t received any fresh tokens. The assets and weightings of leading crypto assets is as follow:
- Bitcoin (BTC) 68.88%
- Ethereum (ETH) 25.22%
- Cardano (ADA) 2.71%
- Solana (SOL) 2.23%
- Avalanche (AVAX) 0.96%
In addition, the digital asset manager revealed that it had shortened the GSCPxE Fund’s portfolio. This Grayscale did by selling some of the current fund components per their respective weightings. This led to the removal of Stellar Lumens (XLM) because of the rebalancing. Moreover, there was no addition of new tokens.
According to Grayscale, the fund components of the GSCPxE Fund now contained the following assets and weightings: Cardano (ADA) 31.69%, Solana (SOL) 25.43%, Polygon (MATIC) 8.45%, Algorand (ALGO) 4.37%, Polkadot (DOT) 13.90%, and Avalanche (AVAX) 10.87%.
Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) is focused to provide exposure to investors in various leading smart contract platforms. Meanwhile, Grayscale Digital Large Cap Fund seeks to provide investors access to the large-cap coverage of the digital assets sector. Grayscale also noted that no revenue was generated by the Digital Large Cap Fund, DeFi Fund, or GSCPxE Fund, according to the reports.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
