Home News Grayscale adds Solana and Uniswap to the Digital Large Cap Fund

Grayscale adds Solana and Uniswap to the Digital Large Cap Fund

195
0

Grayscale Investments, a digital asset management company, has included the Solana (SOL) cryptocurrency and the native token of the Uniswap (UNI) decentralized exchange into the Digital Large Cap Fund trust.

“In accordance with the design criteria, we adjusted the Grayscale Digital Large Cap Fund portfolio by selling a certain number of existing components in proportion to their respective weights and used the funds received to purchase Solana and Uniswap,” the announcement says.

Thus, as of October 1, the volume of the Digital Large Cap Fund was estimated at $494.6 million. Its basket includes the following digital assets: Bitcoin (62.19%); Ethereum (26,08%); Cardano (5,11%); Solana (3,24%); Uniswap (1,06%); Chainlink (0,82%); Litecoin (0,77%); Bitcoin Cash (0,73%).

$41.5 billion

The total volume of assets managed by Grayscale Investments amounted to $41.5 billion. in addition, the largest fund is Bitcoin Trust, its Assets under Management (AUM) has reached $29.96 billion.

The UNI token is also a component of the Grayscale DeFi Fund. It accounts for almost half (45.2%) of the structure’s holdings.

The company is using Solana as an investment tool for the first time. In September, the volume of blocked funds in the project increased by 185%. Moreover, at the beginning of the month, the cryptocurrency surpassed the capitalization of Dogecoin and Polkadot. The success of the ecosystem is due to the rapid development of the NFT direction and DeFi services.

Cardano

Recall that in July, as part of the rebalancing, Grayscale Investments added the Cardano cryptocurrency as a component of the Digital Large Cap Fund.

The company clarified that it had sold some of the existing components of the trust and used the proceeds to purchase ADA. As of July 6, 2021, the share of the asset was 4.26%.

Therefore, launched in February 2018, the Digital Large Cap Fund makes passive investments in the most popular cryptocurrencies.

Previous articleFederal High Court of Nigeria approves eNaira CBDC rollout
Next articleBTC bull run has ‘at least 6 months to go’ — 5 things to watch in Bitcoin this week