Grayscale, the world’s largest digital asset manager, has announced updated Fund Component weights for each of its products in conjunction with its first quarter 2023 reviews. The crypto investment giant prefers a portfolio heavy on PoS altcoin projects such as Ethereum and Cardano.
Grayscale released its first quarter 2023 cryptocurrency fund management report
According to the company’s first quarter report, no new altcoins were added or removed from the Digital Large Cap Fund. As of April 5, 2023, the Fund Components of the Digital Large Cap Fund were a portfolio of the following altcoins and weights:
- Bitcoin (BTC): 67.22%
- Ethereum (ETH): 28.82%
- Cardano (ADA): 1.69%
- Polygon (MATIC): 1.28%
- Solana (LEFT): 0.99%
Compound (COMP) left this DeFi fund
In accordance with the CoinDesk DeFi Select Index methodology, Grayscale reshaped the DeFi Fund portfolio by selling certain quantities of existing Fund Components in proportion to their respective weights. As a result of the rebalancing, Compound (COMP) was removed from CoinDesk DeFi Select Index and DeFi Fund. No tokens have been added to the DeFi Fund. The current altcoins and their weights are as follows:
- Uniswap (UNI): 59.61%
- Aave (AAVE): 13.92%
- MakerDAO (MKR): 8.44%
- Synthetix (SNX): 8.61%
- Curve DAO Token (CRV): 9.42%
Cardano (ADA), the prominent cryptocurrency project of the GSCPxE fund
No new altcoins were added or removed from the GSCPxE Fund. At the end of the day on April 5, 2023, the Fund Components of the GSCPxE Fund are as follows:
- Cardano (ADA): 28.13%
- Polygon (MATIC): 21.30%
- Polkadot (DOT): 15.38%
- Solana (LEFT): 16.51 percent
- Avalanche (AVAX): 11.97%
- Cosmos (ATOM): 6.71%
About the Grayscale DeFi Fund
The DeFi Fund aims to provide investors with access to a selection of industry-leading DeFi platforms through a market capitalization-heavy portfolio designed to track the CoinDesk DeFi Select Index. The DeFi Fund has the largest and most liquid digital assets classified in the DeFi industry, meeting specific trading and custody requirements and defined by the CoinDesk Digital Asset Classification Standard (DACS).
The investment objective of the DeFi Fund is that its Shares reflect the value of the Fund Components held by the DeFi Fund, after deducting expenses and other liabilities. To date, the DeFi Fund has failed to meet its investment target and the Shares listed on OTCQB have not reflected the value of the Fund Components held by the DeFi Fund after deducting the DeFi Fund’s expenses and other liabilities, but instead have been traded at both premiums and discounts.
About Grayscale
Grayscale enables investors to access the digital economy through a family of secure, regulated and future-proof investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as the world’s largest digital currency asset manager. Investors, advisors and sharers turn to Grayscale for single asset, diversified and thematic exposure. cryptocoin.com As the company, we have included the report on altcoin funds published in January in this article.
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