New York-based crypto asset manager Grayscale Investments has added Solana (SOL) and Uniswap (UNI) after rebalancing its Digital Large Cap Fund (GDLC) portfolio.
GDLC’s quarterly rebalancing is done by selling existing fund components in the portfolio, in exchange for cash and buying crypto assets that are performing well. According to the adjustment, Solana and Uniswap accounted for 3.24% and 1.06% of the fund's composition, respectively, while Grayscale continued to trim its LTC and BCH holdings.
In the last quarter’s adjustment, Grayscale’s portfolio included 4.26% of ADA, making it the third-largest holding in GDLC. However, the latest adjustment puts ADA at 5.11% of the fund.
BTC and ETH continue to hold the lion’s share of GDLC’s cryptocurrency portfolio with 62.19% and 26.08% respectively. LINK, BCH and LTC combined accounted for 2.32% of GDLC’s portfolio, down from 2.88% in July 2021.
Grayscale has yet to make quarterly adjustments to its DeFi fund, which is currently dominated by Uniswap and Aave, whose shares account for 45.20% and 14.11% respectively.
Grayscale's products continue to gain mainstream attention as financial giants such as Morgan Stanley more than double their investment in the Bitcoin Trust, Grayscale's single-asset product.
Previously, according to Cointelegraph, as of July 2021, Morgan Stanley had invested in a total of 58,116 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund, an increase of 105% since April.
The company began actively investing in cryptocurrencies after announcing a program in March 2021 aimed at providing investors with exposure to Bitcoin.
Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.