Grayscale Investments, the world’s largest digital asset manager, announced that it has added SOL and UNI to its Digital Large Cap (GDLC) fund. Reportedly, Grayscale sold proportionate amounts of existing components in the fund and used the cash proceeds to purchase these two altcoins.
Quarterly, GDLC sells the existing components of the portfolio for cash and buys different crypto assets with the proceeds from it. Thanks to these interventions, the portfolio is rebalanced. For example, last July, the same process was done for the ADA addition. ADA, which was traded at $1.35 at that time, is now at $2.22.
Based on this latest adjustment, Solana and Uniswap account for 3.24% and 1.06% of fund components, respectively, while Grayscale continues to reduce its Litecoin (LTC) and Bitcoin Cash (BCH) holdings. Bitcoin has the lion’s share of the fund with 62.19% and Ethereum with 26.08%. Chanlink (LINK), Bitcoin Cash and Litecoin together represent 2.32% of the GDLC basket.
This latest intervention in the fund marks an important milestone for SOL and UNI as it will offer these two altcoins to a wider range of both retail and institutional investors.