Crypto asset management giant Grayscale has updated its holdings on the smart contracts platform as digital asset markets consolidate well below all-time highs.
in a new reportGrayscale says its GSCPxE fund has allocated funds to gimbal (ADA), Solana (FLOOR), Spotted (DOT) and several other competitors of Ethereum (ETH).
“Ultimately, on July 6, 2022, the fund components of the GSCPxE fund were a basket of the following assets and weightings:
Gimbal (ADA), 31.69%
Solana (SOL), 25.43%
Peas (DOT), 13.90%
Avalanche (AVAX), 10.87%
Polygon (MATIC), 8.45%
Cosmos (ATOM), 5.29%
Algorand (ALGO), 4.37%.”
Grayscale notes that following the rebalancing, the payments-focused altcoin Stellar (XLM) was removed from the fund.
The company, which currently has the largest Bitcoin fund, also reported having reshuffled its decentralized finance (DeFi) holdings. Grayscale says its largest DeFi holding is now Uniswap (UNI), a decentralized exchange based on Ethereum.
“Ultimately, on July 6, 2022, the fund components of the DeFi fund were a basket of the following assets and weightings.
Uniswap (UNI), 56.35%
ManufacturerDAO (MKR), 13.49%
Aave (AAVE), 12.44%
Curve DAO Token (CRV), 7.48%
Ampere (AMP), 5.52%
Compound (COMP), 4.72% »
The crypto titan also made changes to its Digital Large Cap Fund by removing five tokens.
“Grayscale has adjusted the Digital Large Cap Fund portfolio by selling certain amounts of the existing fund components in proportion to their respective weightings. Following the rebalancing, Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap were removed from the Digital Large Cap Fund. No new tokens have been added to the Digital Large Cap Fund.
At the end of the day on July 7, 2022, the fund constituents of the Digital Large Cap Fund were a basket of the following assets and weightings:
Bitcoin (BTC), 68.88%
Ethereum (ETH), 25.22%
Gimbal (ADA), 2.71%
Solana (SOL), 2.23%
Avalanche (AVAX), 0.96% »
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