Grayscale Adds Solana and Uniswap to Crypto Investment Fund

Grayscale Adds Solana and Uniswap to Crypto Investment Fund

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%.

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’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.

Did you like this?
Tip Bitcoin Tradeboard with Cryptocurrency

Donate Bitcoin to Bitcoin Tradeboard

Scan to Donate Bitcoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Bitcoin Tradeboard

Scan to Donate Bitcoin Cash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Bitcoin Tradeboard

Scan to Donate Ethereum to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Bitcoin Tradeboard

Scan to Donate Litecoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Bitcoin Tradeboard

Scan to Donate Monero to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Bitcoin Tradeboard

Scan to Donate ZCash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some ZCash: