- AVAX and XRP have been added to the weights of three of Grayscale’s cryptocurrency funds.
- GDLC, DeFi Fund, and GSCPxE Fund are impacted by the new allocations.
- Grayscale’s DeFi Fund removed the Curve DAO token from its portfolio.
Avalanche (AVAX-$34.88) and XRP (XRP-$0.57) have been added to the weights of three of Grayscale’s cryptocurrency funds, which were previously balanced. This was announced in an announcement on January 5.
The Digital Large Cap Fund (GDLC), DeFi Fund, and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) are impacted by the new allocations, which are a part of Grayscale’s quarterly review.
Fund rebalance
The portfolio of Grayscale’s Digital Large Cap Fund has been upgraded to include Ether, Bitcoin, Solana, XRP, Cardano, and AVAX. As a result of the rebalancing procedure, MATIC was eliminated from GDLC. In addition, Grayscale’s DeFi Fund removed the Curve DAO token from its portfolio.
Uniswap, Lido DAO, MakerDAO, Aave, and Synthetix are all included in the new basket. There have been no additions or deletions to the tokens contained in the GSCPxE Fund for MATIC.
To maximize performance by market conditions, risk evaluations, and investment goals, fund managers periodically review and modify weightings.
The benchmarks for Grayscale’s funds are determined by the CoinDesk DeFi Select Index methodology. Funds that provide exposure to decentralized financial markets, such as DeFi Fund, have suffered from the crypto cold.
Through the transformation of its over-the-counter Grayscale Bitcoin Trust into a listed BTC ETF, Grayscale is requesting regulatory clearance for a spot Bitcoin exchange-traded fund in the US. On January 10, the SEC is predicted to make an announcement.
