Crypto asset management giant Grayscale has updated its smart contract platform holdings as the digital asset markets consolidate well below their all-time highs.
In a new report, Grayscale says its GSCPxE Fund has allocated funds towards Cardano (ADA), Solana (SOL), Polkadot (DOT) and several other Ethereum (ETH) competitors.
“At the end of the day on July 6th, 2022, the GSCPxE Fund’s fund components were a basket of the following assets and weightings:
Cardano (ADA), 31.69%
Solana (SOL), 25.43%
Polkadot (DOT), 13.90%
Avalanche (AVAX), 10.87%
Polygon (MATIC), 8.45%
Cosmos (ATOM), 5.29%
Algorand (ALGO), 4.37%. ”
Grayscale notes that as a result of the rebalancing, payments-focused altcoin Stellar (XLM) was removed from the fund.
The firm, which currently has the world’s biggest Bitcoin fund, also reported shuffling its decentralized finance (DeFi) holdings. Grayscale says its biggest DeFi holding is now Uniswap (UNI), a decentralized exchange based on Ethereum.
At the end of the day on July 6, 2022, the DeFi Fund’s Fund Components were a basket of the following assets and weightings.
Uniswap (UNI), 56.35%
MakerDAO (MKR), 13.49%
Aave (AAVE), 12.44%
Curve DAO Token (CRV), 7.48%
Amp (AMP), 5.52%
Compound (COMP), 4.72% ”
The crypto titan also made changes to its Digital Large Cap Fund by cutting out five tokens.
Grayscale has adjusted the Digital Large Cap Fund’s portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap have been removed from the Digital Large Cap Fund. No new tokens were added to the Digital Large Cap Fund.
At the end of the day on July 7th, 2022, the Digital Large Cap Fund’s fund components were a basket of the following assets and weightings:
Bitcoin (BTC), 68.88%
Ethereum (ETH), 25.22%
Cardano (ADA), 2.71%
Solana (SOL), 2.23%
Avalanche (AVAX), 0.96% ”
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