Cryptocurrency asset management firm Grayscale Investments has announced the modified fund content ratios for each product following its second-quarter 2022 assessment.
Grayscale said in a press release that the existing fund altcoins He stated that the Digital Large Cap Fund has shrunk its portfolio by selling some of it by weight.
Cryptocurrency Company Removes Various Altcoins From Its Large-Scale Fund
As a result of the rebalancing, the Digital Large Cap Fund no longer includes Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap.
The digital asset manager also stated that the Digital Large Cap Fund has not received any new tokens.
The assets and weights of the company’s fund are now listed as follows:
Bitcoin (BTC) 68.88%, Ethereum (ETH) 25.22%, Cardano (ADA) 2.71%, Solana (SOL) 2.23% and Avalanche (AVAX) 0.96%.
In addition, Grayscale announced that the GSCPxE Fund has reduced its portfolio by selling some of its existing fund components by their own weight.
As a result, Stellar Lumens (XLM) was removed due to rebalancing and no new altcoins were added.
According to Grayscale, the following assets and their weights constitute the fund components of the GSCPxE Fund as of July 6:
Cardano (ADA) 31.69%, Solana (SOL) 25.43%, Polkadot (DOT) 13.90%, Avalanche (AVAX) 10.87%, Polygon (MATIC) 8.45%, Cosmos (ATOM) 5.29%, Algorand (ALGO) 4.37%.
Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) is known as a fund that allows investors to invest in the best smart contracts platforms.
The Grayscale Digital Large Cap Fund, on the other hand, aims to provide investors with access to the major altcoins of the digital assets industry.
In the report, Grayscale noted that neither of the Digital Large Cap Fund, DeFi Fund, or GSCPxE Fund were generating any revenue due to challenging market conditions in 2022.
*Not investment advice.