Grayscale adds SOL and UNI to Digital Large Cap Fund portfolio
2 min readGrayscale Investments, a New-York based crypto asset manager, includes Solana (SOL) and Uniswap (UNI) after rebalancing its basket of Grayscale Digital Large Cap Fund (GDLC) portfolio.
The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring performant crypto assets. Based on the adjustment, Solana and Uniswap make 3.24% and 1.06% of the Fund components respectively while Grayscale continues to cut down on Litecoin (LTC) and Bitcoin Cash (BCH) holdings.
In the previous quarterly rebalancing, Grayscale’s portfolio had included 4.26% of Cardano’s ADA, making it the third-largest asset in the Large Cap Fund. However, the latest adjustment makes ADA represent 5.11% of the fund.
Bitcoin (BTC) and Ethereum (ETH) continue to own a lion’s share of the GDLC crypto basket, at 62.19% and 26.08% respectively. Chanlink (LINK), Bitcoin Cash and Litecoin together represent 2.32% of the GDLC basket, which is down from 2.88% in July 2021.
Grayscale has not made quarterly adjustments to its DeFi Fund, which is currently dominated by Uniswap at 45.20% and Aave (AAVE) at 14.11%.
Related: Morgan Stanley doubles exposure to Bitcoin through Grayscale shares
Grayscale’s products continue to gain mainstream attention as financial giants such as Morgan Stanley more than doubled their investment on Grayscale’s single asset offering, Bitcoin Trust.
According to a Cointelegraph report, Morgan Stanley invested in a total of 58,116 shares of the Grayscale Bitcoin Trust as of July 2021 via its Europe Opportunity Fund, indicating a 105% increase in shares since April.
The firm’s move toward aggressive crypto investments follows a recent announcement from March 2021 that aimed at providing investors with exposure to Bitcoin.
