Grayscale Investments is a New-York-based crypto asset manager. After rebalancing its portfolio of Grayscale Digital Large Cap Funds (GDLC), Grayscale Investments now includes Solana and Uniswap.
Quarterly GDLC rebalancing is achieved by selling portfolio components for cash and purchasing performant crypto assets. Based on the adjustments, Solana (3.24%) and Uniswap (1.06%) make up the Fund components, respectively. Grayscale continues to reduce its Litecoin (LTC), and Bitcoin Cash (BCH), holdings.
Grayscale’s portfolio included 4.26% Cardano’s ADA in its previous quarterly rebalancing. This made it the third largest asset in the Large Cap Fund. ADA now accounts for 5.11% of the fund, according to the most recent adjustment.
Bitcoin (BTC), Ethereum (ETH), continue to hold a lion’s share of GDLC crypto basket at 62.19%, 26.08%, respectively. Chanlink (LINK), Bitcoin Cash, and Litecoin collectively account for 2.32% in the GDLC crypto basket. This is down from 2.88% as of July 2021.
Grayscale has not made quarterly adjustments for its DeFi Fund. It is currently dominated at 45.20% by Uniswap and Aave (AAVE), at 14.11%.
Related: Morgan Stanley increases Bitcoin exposure through Grayscale shares
Grayscale products continue to be popular and financial giants like Morgan Stanley have more than doubled their investments in Grayscale’s single asset, Bitcoin Trust.
A Cointelegraph report shows that Morgan Stanley has invested in 58,116 shares in the Grayscale Bitcoin Trust, as of July 2021 through its Europe Opportunity Fund. This indicates a 105% increase of shares since April.
Following a March 2021 announcement, the firm made an aggressive move to crypto investments. This was in response to providing Bitcoin exposure for investors.
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