Major Move by Grayscale, the Leading Crypto Asset Manager: Eliminates Two Altcoins From its Portfolios
Grayscale, renowned as the largest crypto asset manager worldwide, has recently announced a significant modification to its altcoin holdings in its index funds. The firm reassesses the assets within its funds on a quarterly basis. The index funds managed by Grayscale are the Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Non-Ethereum Smart Contract Platform Fund.
According to the official announcement, Grayscale has removed Cardano (ADA) from the components of the Grayscale Digital Large Cap Fund with the recent update. The revised fund now includes BTC, ETH, SOL, XRP, and AVAX exclusively.
In regard to the Grayscale DeFi Fund, no new tokens have been added or removed, and the fund will continue its operations in the same manner. The fund presently comprises UNI, MKR, LDO, AAVE, and SNX.
Notably, Grayscale has made a significant change in the Grayscale Non-Ethereum Smart Contract Platform Fund. Following evaluations, the altcoin basket within the fund no longer includes Cosmos (ATOM). Consequently, the fund will now consist of SOL, ADA, AVAX, DOT, and MATIC altcoins.
*Please note that this content does not constitute investment advice.