BlockchainSolana (SOL) and Uniswap (UNI) cryptocurrencies join the prestigious...

Solana (SOL) and Uniswap (UNI) cryptocurrencies join the prestigious Grayscale portfolio

The company performs periodic rebalancing of its Grayscale digital large cap fund (GDLC). The proportions change slightly, but there are no major changes to the overall structure of the portfolio.

Grayscale adjusts its GDLC: the leading trio remains unchanged

October 01, 2021, Grayscale Investments made known through press release , the new ratio of cryptomonnaies included in the digital large cap fund Grayscale after the last adjustment of the latter. Solana (SOL) and Uniswap (UNI) have respective shares of 3.24% and 1.06% . Cardano (ADA) now represents 5.11% of the portfolio, compared to 4.26% when the GDLC readjusted in July 2021 . The ADA continues to occupy third place .

Bitcoin (BTC) and Ether (ETH) weighing 62.19% and 26.08% of GDLC respectively , remain the major cryptocurrencies in the portfolio. LINK, Bitcoin Cash (BC) and Litecoin (LTC) represent only 2.32% of GDLC , a percentage down from 2.88% following the rebalancing of July 2021.

Grayscale: a giant of digital assets for institutions

The Grayscale digital large cap fund allows investors to gain exposure to 70% of cryptocurrencies with the largest market capitalizations . The fund is updated quarterly, but the cryptocurrency weights are adjusted daily.

Grayscale thus offers the Grayscale Bitcoin Trust (GBTC) alongside the GDLC, to offer indirect exposure to cryptocurrencies to institutional investors. The GBTC counts traditional financial giants such as the Morgan Stanley Europe Opportunity Fund among its clients . The investment bank owned 58,116 GBTC shares as of July 31, 2021, an increase of 105% from the number of shares held in April 2021.

The newsletter Digital Asset Funds flow Weekly 4 October 2021 Coinshares indicates that Grayscale is the largest manager of digital assets for institutional, with 71% of total assets under management in the sector .

These readjustments are made in a context of a bullish recovery in Bitcoin which is close to $ 50,000 , after a bearish month of September 2021. The final quarter could – conditional is appropriate – be marked by another bullish wave in Bitcoin, dragging other major altcoins up or down in its wake. The magnitude of the last GDLC adjustment in 2021 could testify to the degree of upheaval in the markets over the past 3 months.

Stephanie Evans
Stephanie Evanshttps://www.newsalarms.com/
I'm the lady in charge of News Alarms, but also getting all the reviews up on the website, so you can thank me for all those shining stars – or blame me for a lack of them. I also spend my time working my SEO magic to try and coax the Google Juice to flow in our favor.

Latest news

Forex Expo Dubai 2023 Announces Top Sponsors and Outstanding Speaker Lineup

Dubai, UAE,  25 Sep 2023, FOREX PR WIRE, The newest edition of Forex Expo Dubai 2023 is back, set...

Crypto Expo Dubai 2023 Wraps Up with Resounding Success – A Glimpse into the Future of Cryptocurrency and Blockchain Innovation

Dubai, UAE, Sep 23, 2023, ZEX PR WIRE, Crypto Expo Dubai 2023, the most anticipated cryptocurrency and blockchain event...

Fintech Surge 2023 announces Forus as Gold Sponsor

Pioneering fintech company aims to elevate innovation in Dubai’s financial landscape Dubai, UAE, 23 Sep 2023, ZEX PR WIRE, Fintech...

Dubai to Witness the World’s Largest Web3 Conference: ABC Conclave to Unite Global Web3 Pioneers in Dubai World Trade Centre

Dubai, UAE, 17th September 2023, ZEX PR WIRE, ABC Conclave, is set to gather blockchain enthusiasts, industry leaders, and...

Empowering Web3 Developers: MetaTrust Labs’ Open-Source AI Engine Revolutionizes Security

Singapore, 16th September 2023, ZEX PR WIRE, In a groundbreaking move, MetaTrust Labs, a provider of Web3 AI security...

GasZero, Tencent Cloud International, and PolygonLabs Successfully Host Web3 Gaming Event in Singapore

Singapore, 13th September 2023, ZEX PR WIRE, The collaborative event titled ‘Token2049 Side Event,’ hosted by GasZero, the first blockchain...

Must read

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

You might also like
Recommended to you