Grayscale Investments, which is the largest asset manager in the world right now (digital currency), has published streamlined Fund Component Weightings for its various products having an eye on 2022’s second quarter reviews. The announcement will have an effect on its products including Grayscale Digital Large Cap Fund (GDLC), Grayscale DeFi Fund (DeFi Fund), and Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE).
Grayscale, founded in 2013, allows traders to invest in the digital economy through a family of safe, compliant, and futuristic investment products. Investors turn to Grayscale Investments for public quotations, Exchange Traded Funds (ETFs), and thematic exposure.
Grayscale has shuffled the prices of its Digital Large Cap Fund in harmony with the CoinDesk Large Cap Select methodology that is used to measure market capitalization. Grayscale has made these adjustments by selling its existing Fund Components per their existing weightings.
Latest Fund Components- GDLC
As per the latest rebalancing attempt, Bitcoin Cash, Uniswap, Chainlink, Polkadot, and Litecoin have been delisted from the Digital Large Cap Fund (which holds the largest and the most liquid digital assets). Surprisingly, not a single new coin is added to the respective fund.
Bitcoin has now the largest percentage while Avalanche makes less than percent of the basket. The basket of Fund Components of Digital Large Cap Fund looked like this at the end of the day on the 7th of July.
- Bitcoin (BTC) – 68.88%
- Ethereum (ETH) – 25.22%
- Cardano (ADA) – 2.71%
- Solana (SOL) – 2.23%
- Avalanche (AVAX) – 0.96%
Latest Fund Components- DeFi Fund
The same methodology has been followed for DeFi Fund’s portfolio as well and as a result, Yearn Finance (YFI) has been eliminated from the CoinDesk DeFi Select Index and the DeFi Fund. Like the GDLC, no new token has been added to Defi Fund as well.
Uniswap has now the largest percentage while Compound makes less than 5 percent of the basket. The basket of DeFi Fund’s fund looked like this at the end of the day on the 6th of July.
- 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%
Latest Fund Components- (GSCPxE)
The same methodology has been followed for CoinDesk Smart Contract Platform Select Ex Ethereum’s portfolio as well and as a result, Stellar Lumens (XLM) has been eliminated from the respective index and the CoinDesk DeFi Select Index. Like the previous two products, no new token has been added to this fund as well.
Cardano has now the largest percentage with 31.69% while Algorand makes less than 5 percent of the basket. The basket of Smart Contract Platform Select Ex Ethereum’s fund looked like this at the end of the day on the 6th of July.
- 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%
All these products of Grayscale Investments generate no income hence they keep distributing Fund Components to pay for its expenditures. As a result, the percentage of these fund components keeps decreasing with the passage of time.
