Asset management company Grayscale has rebalanced its three crypto funds, removing tokens such as Polygon (MATIC) and adding Avalanche (AVAX) and XRP (XRP). according to To be announced on January 5th.
The new allocations are part of Grayscale’s quarterly review and impact the Digital Large Cap Fund (GDLC), DeFi Fund (DEFG), and Smart Contract Platform Ex Ethereum Fund (GSCPxE Fund).
According to the composition change of the digital large-cap fund, Bitcoin (BTC) is now 69.15%, Ether (ETH) is 21.90%, Solana (SOL) is 3.65%, XRP is 2.54%, and Cardano (ADA) is 1.62%. There is. , AVAX accounts for his 1.14% of the fund. As a result of the rebalance, MATIC was removed from his GDLC.
Regarding Grayscale's DeFi fund, one of the changes is the removal of the Curve DAO (CRV) token from the portfolio. The new basket is formed by Uniswap (UNI) with 41.11% allocation, Lido (LDO) with 23.90%, MakerDAO (MKR) with 13.39%, Aave (AAVE) with 12.63% and Synthetix (SNX) with 8.97% .
MATIC was removed from one of the portfolios but is still included in the GSCPxE fund and no tokens were added or removed. The updated fund composition consists of SOL 44.54%, ADA 19.77%, AVAX holdings 13.89%, Polkadot (DOT) 9.75%, MATIC 8.25%, and Cosmos (ATOM) 3.80%.
The Fund Manager periodically reviews and adjusts the weightings to optimize the Fund's performance according to prevailing market conditions, risk assessment, and investment objectives. This process often occurs on a quarterly basis.
Grayscale uses the CoinDesk DeFi Select Index methodology to determine the fund's benchmark. Funds designed to provide exposure to decentralized finance markets, such as DeFi funds, have been affected by the crypto winter. At the time of writing, the company's stock was trading at $22, down 9.28% in the past 24 hours.
The company is among the companies seeking regulatory approval for a spot Bitcoin exchange-traded fund (ETF) in the U.S. by converting the over-the-counter Grayscale Bitcoin Trust into a publicly traded BTC ETF. . The SEC is scheduled to announce its decision on January 10th.
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