Cardano maintains weight among large-cap funds as Grayscale delists BCH, LTC and LINK
Following the Q2, 2022 valuation, digital currency asset management company Grayscale Investments has disclosed the revised fund component weights for each product. In a press release, Grayscale said it had trimmed the portfolio of the Digital Large Cap Fund by selling off a portion of the existing fund components according to their weighting.
As a result of the rebalancing, the Digital Large Cap Fund no longer includes Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap. The Digital Asset Manager also mentioned that the Digital Large Cap Fund did not receive any new tokens.
Now the assets and weights are listed as follows: So far, Bitcoin (BTC) 68.88%, Ethereum (ETH) 25.22%, Cardano (ADA) 2.71%, Solana (SOL) 2.23%, and Avalanche (AVX) 0.96%.
Additionally, Grayscale disclosed that it had sold certain existing fund components in the GSCPXE Fund’s portfolio according to their respective weightings. As a result, the stellar lumen (XLM) was removed due to rebalancing, and no new tokens were added.
According to Grayscale, the following assets and weights are now the fund components of the GSCPXE Fund as of July 6: Cardano (ADA) 31.69%, Solana (SOL) 25.43%, Polkadot (DOT) 13.90%, Avalanche (AVX) 10.87%, Polygon (MATIC) ) 8.45%, Cosmos (ATOM) 5.29%, Algorand (ALGO) 4.37%.
The Grayscale Smart Contract Platform X-Ethereum Fund (GSCPXE Fund) aims to give investors exposure to a number of top smart contract platforms, through a market-cap-weighted portfolio built to follow the smart contract platform Select X ETH Index. .
Meanwhile, Grayscale Digital Large Cap Fund aims to provide investors with access to large-cap coverage of the digital asset sector.
In the report, Grayscale stated that no digital large cap fund, DeFi fund or GSCPXE fund generated any revenue in 2022 in light of the challenging market conditions.