Grayscale Reveals Rebalanced Funds for 2022 Q2


The largest digital currency asset manager in the world, Grayscale investments, has announced the latest version of its funds for the second quarter of 2022.

The updated fund components released by the group covered its products across the various companies under its management. These companies include Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund.

The rebalanced version of its funds is based on CoinDesk Large Cap Select Index methodology. indicated that the group’s fund portfolio was restructured through the sale of significant amounts of Fund Components that currently exists in the portfolio.

A review of the spread of the group’s funds after the reviewing indicated that certain tokens no longer exist on its Digital Large Cap Fund. These include the likes of Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap

In contrast, no new token was to the group’s Digital Large Cap Fund.

Bitcoin Dominates Grayscale Fund

Unsurprisingly, a breakdown of the new structure of the Fund indicated that Bitcoin, the world’s largest cryptocurrency by market cap, represents the largest percentage of the fund with over 68%.

At a distant second is Bitcoin’s perennial rival, Ethereum with 25.22%.

Cardano, Solana, and Avalanche with 2.71%, 2.23%, and 0.96% respectively made up the new composition of the Fund at the end of July 7.

In the same vein, Grayscale’s DeFi Fund’s portfolio has a new look. A breakdown of its new composition is as follows;

Uniswap (UNI), 56.35%; MakerDAO (MKR), 13.49%; Aave (AAVE), 12.44%; Curve DAO Token (CRV), 7.48%; Amp (AMP), 5.52% and Compound (COMP), 4.72%

As for the group’s GSCPxE Fund’s portfolio, the rebalancing necessitated the removal of Stellar Lumens (XLM). It’s new composition is as follows; Cardano (ADA), 31.69%; Solana (SOL), 25.43%; Polkadot (DOT), 13.90%; Avalanche (AVAX), 10.87%; Polygon (MATIC), 8.45%; Cosmos (ATOM), 5.29% and Algorand (ALGO), 4.37%.

As of press time, the crypto industry is going through a mini-revival that has seen Bitcoin rise to over $22,000 in the last 24 hours.