investment giant grayscaleis preparing to launch the “Smart Contract Platform Ex-Ethereum Fund (GSCPxE)” to give investors access to leading smart contract platforms.
According to the announcement made by the company, the leading new investment product released, excluding Ethereum (ETH), smart contract platformsHe stated that the company will follow the CoinDesk Smart Contract Platform Select Ex ETH Index, which measures market cap weighted performances.
Currently, the fund is Cardano (ADA) with 24.63%, Solana (SOL) with 24.27%, Avalanche (AVAX) with 16.96%, Polkadot (DOT) with 16.16%, Polygon (with 9.65%). MATIC), Algorand (ALGO) with 4.27 and Stellar (XLM) with 4.06%.
It is notable that Grayscale launched this fund amid growing demand for decentralized finance (DeFi) and immutable tokens (NFTs) based on blockchain-based programs that are automatically executed when predetermined conditions are met.
Grayscale CEO talking about the new fund Michael Sonnenshein,
“Smart contract technology is critical to the growth of the digital economy, but we are still at a very early stage to know which platform will win. From attracting and retaining the most vibrant developer communities to ensuring the platform is high-speed, flexible and scalable, we have a long process ahead of us. The beauty of GSCPxE is that investors don’t have to pick a single winner and instead they can access the evolution of the smart contract platform ecosystem through a single investment vehicle.”
GSCPxE is Grayscale’s 18th investment product and third diversified fund.
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