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Grayscale Included SOL & UNI to Digital Large Cap Fund Portfolio

By Shannon Wilson | October 3, 2021
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Grayscale Investments – a high-profile crypto asset management entity from New York – has reportedly added Solana’s SOL and Uniswap’s UNI tokens in its Grayscale Digital Large Cap Fund (GDLC) portfolio. 

Specifically, the inclusion was reportedly carried out following a by-quarter rebalancing of GDLC, where the company cash out the current components of the portfolio, as well as acquiring crypto assets displaying good performances. 

According to the latest details of the rebalancing, SOL and UNI will respectively take up 3.24% and 1.06% of the fund’s components, with Grayscale continuously limiting Litecoin (LTC) and Bitcoin Cash (BCH) holdings.

Following the previous quarterly adjustment, there is reportedly 4.26% of Cardano’s ADA in Grayscale’s portfolio, helping it secure the third spot in the Digital Large Cap Fund. Nonetheless, after this most recent adjustment was carried out, ADA now takes up 5.11% of the fund.

Bitcoin (BTC) and Ether (ETH) are reportedly still staying on the top one and two positions of the GDLC crypto basket at 62.19% and 26.08%, respectively. Chainlink’s LINK token, Bitcoin Cash and Litecoin jointly comprise 2.32% of the GDLC basket, which plummeted from the 2.88% mark in July. 

No changes have been made to Grayscale’s DeFi Fund yet, which sees a lion’s share belonging to UNI at 45.20% and AAVE at 14.11%. 

Grayscale’s offerings reportedly keep on achieving attracting mainstream attention, with heavyweights in the financial sectors, nominally Morgan Stanley, made twice as many investments in Grayscale’s single asset Grayscale Bitcoin Trust – particularly an overall figure of 58,116 shares of Grayscale Bitcoin Trust as of July through its Europe Opportunity Fund.

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