Grayscale Adds Solana and Uniswap to Crypto Investment Fund


Grayscale Investments added Solana and Uniswap to its large cap investment fund. This is the first time that solana has been added to a grayscale background. The company now offers 15 funds, including two diversified portfolios.

Solana and Uniswap added to the Grayscale fund

Grayscale Investments, the world’s largest digital currency asset manager, announced on Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the challenge fund (decentralized finance).

For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the company sold some of the existing components and used the proceeds in cash to purchase solana (SOL) and uniswap (UNI). Grayscale said:

[This is] the first time, solana (SOL) will be included in a grayscale investment vehicle.

It was also the first time that uniswap had been added to the large cap fund. However, the token has been in the Grayscale Defi Fund since the wallet spear in July.

At the end of the day on October 1, the constituents of the large cap fund were bitcoin (BTC), 62.19%; ethereum (ETH), 26.08%; gimbal (ADA), 5.11%; solana (SOL), 3.24%; uniswap (UNI), 1.06%; chain link (LINK), 0.82%; litecoin (SLD), 0.77%; and
Bitcoin cash (BCH), 0.73%.

Components of the Grayscale Digital Large Cap Fund as of October 1. Source: Grayscale Investments.

The addition of solana and uniswap followed the addition of cardano (ADA) the large capitalization fund, announcement in July.

For the Grayscale Defi Fund, no new tokens have been added or removed. At the end of the day on October 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 Adds Solana and Uniswap to Crypto Investment Fund
Components of the Grayscale Defi Fund as of October 1. Source: Grayscale Investments.

Grayscale’s total assets under management (AUM) as of October 1 stood at $ 41.5 billion. In addition to the large cap fund and the Defi fund, the company offers investments in single asset funds in bitcoin, bitcoin cash, basic attention token, chainlink, decentraland, ethereum, ethereum classic, filecoin, horizen, litecoin , livepeer, stellar lumens and zcash.

What do you think of the fact that Grayscale is adding solana and uniswap to its investment funds? Let us know in the comments section below.

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