Uniswap and Solana

Uniswap and Solana has been added by Grayscale to its large crypto investment fund

Grayscale has announced that Uniswap and Solana are going to be added to its large-cap investment fund. The firm is offering a total of 15 funds two of these are diversified portfolios. Grayscale has added the Solana for the first time.

Grayscale has added Uniswap and Solana to its Purchased components:

The largest digital asset manager in the world, Grayscale, has made an announcement about the quarterly rebalancing of its diversified portfolios (DeFi and large Cap fund). The announcement was quite a surprise as Grayscale has sold some of its holdings from Grayscale Large Cap Fund (OTCQX: GDLC) to purchase the Uniswap and Solana. The firm further elaborated by saying:

 [This is] the first time Solana (SOL) will be included in a Grayscale investment vehicle.

It is also the first time for Uniswap as well but it was added in DeFi funds in July this year. The Grayscale Large Cap Fund holdings were BTC,62.19%; ETH, 26.08; ADA, 5.11%; SOL, 3.24%; UNI, 1.06%; LINK,0.82%; LTC, 0.77%; and BCH, 0.73% as of October 1, 2021.

Uniswap and Solana
Gayscale Large Cap fund’s component as of October 1 2021.
Source: Garyscale Investments

For the Grayscale Defi Fund, no new tokens were added or removed. At the end of the day on Oct. 1, the fund’s components were Uniswap (UNI), 45.20%; Aave (AAVE), 14.11%; Makerdao (MKR), 7.84%; Sushiswap (SUSHI), 7.18%; compound (COMP), 6.73%; Synthetix (SNX), 6.29%; yearn finance (YFI), 3.92%; curve (CRV), 3.53%; bancor network token (BNT), 3.04%; and UMA Protocol (UMA), 2.16%.

Uniswap and Solana
Grayscale DeFi funds’ components as of October 2021
Source: Grayscale Investments

Grayscale fund holdings were $41.5 billion as of October 1. The firm is also offering single fund investments other than DeFi and large-cap funds. Bitcoin, bitcoin cash, basic attention token, chainlink, decentraland, ethereum, ethereum classic, filecoin, horizen, litecoin, livepeer, stellar lumens, and zcash are part of a single-asset investment fund.

The addition of Uniswap and Solana to the Grayscale large-cap fund is a big step for both assets. The effort of Solana is being recognized and it is being rewarded. For more interesting content click here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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