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.
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%.
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.