Fun

Grayscale Adds Solana and Uniswap to Crypto Investment Fund

News Feed - 2021-10-05 07:10:50

Grayscale Adds Solana and Uniswap to Crypto Investment Fund


Grayscale Investments has 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, two of which are 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 cash proceeds to purchase solana (SOL) and uniswap (UNI). Grayscale said: [This is] the first time solana (SOL) will be included in a Grayscale investment vehicle.


This was also the first time uniswap was 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 Oct. 1, the large-cap fund’s components were bitcoin (BTC), 62.19%; ethereum (ETH), 26.08%; cardano (ADA), 5.11%; solana (SOL), 3.24%; uniswap (UNI), 1.06%; chainlink (LINK), 0.82%; litecoin (LTC), 0.77%; and

bitcoin cash (BCH), 0.73%. Grayscale Digital Large Cap Fund’s components as of Oct. 1. Source: Grayscale Investments.


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 were 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 Defi Fund’s components as of Oct. 1. Source: Grayscale Investments.


Grayscale’s total assets under management (AUM) as of Oct. 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.


What do you think about Grayscale adding solana and uniswap to its investment funds? Let us know in the comments section below. State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform FINANCE | Sep 15, 2021 Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team FINANCE | Sep 14, 2021 Tags in this story DeFi fund, grayscale, grayscale defi fund, Grayscale Investments, grayscale large cap fund, rebalancing, Solana, uniswap


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business A class-action lawsuit has been filed against a Nasdaq-listed b
80% of Institutional Investors Expect Crypto to Overtake Traditional Investments, Survey Shows
80% of Institutional Investors Expect Crypto to Overtake Traditional Investments, Survey Shows A survey by crypto trading platform Bitstamp shows that 80% of institutional investor
Turner Wright4 hours agoUS court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETFThe court decision was expected by many after the SEC did not appeal an Aug. 29 ruling requiring Grayscal
After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero
After Pundits Predicted Bitcoin"s Death for 11 Years, Barrels of Crude Oil Trade Below Zero Global markets had a historical day on Monday, as the price of oil dropped below zero and
SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Turner Wright11 hours agoSam Bankman-Fried’s lawyers push for temporary release, object to prosecutors’ proposed dealThe U.S. Justice Department has produced “millions of pages of documents” related to SBF’s cr
Shop.com Announces Cryptocurrency Acceptance to ‘Kick off the Next Chapter’ of Business
Shop.com Announces Cryptocurrency Acceptance to "Kick off the Next Chapter" of Business This past weekend at the Market America Worldwide Shop.com 2021 International Convention (MA
Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual
Despite Bitcoin"s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual The cryptocurrency economy has been higher in value than ever befor
Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies
Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies vi
Mango Markets’ Eisenberg charged with possession of child porn
Prashant Jha1 hour agoMango Markets’ Eisenberg charged with possession of child pornCourt documents allege that Eisenberg possessed sexually explicit images of minors on his electronic devices, including images of prep
Russia to Allow Foreign Residents to Own and Use Digital Ruble
Russia to Allow Foreign Residents to Own and Use Digital Ruble The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be u
XRP price hasn’t seen $1 since 2021 — but this could change in Q4
Yashu Gola11 hours agoXRP price hasn’t seen $1 since 2021 — but this could change in Q4Three big catalysts for a potential XRP price boom include technicals, significant whale accumulation and the nearing resolution