Grayscale adds SOL and UNI to the Digital Large Cap Fund portfolio

Grayscale Investments, a New York-based crypto asset management company, has rebalanced its Grayscale Digital Large Cap Fund (GDLC) portfolio to include Solana (SOL) and Uniswap (UNI).

GDLC’s quarterly rebalancing is accomplished by selling existing components of the investment portfolio in exchange for cash and purchasing high-performance crypto assets.based on Adjustment, Solana and Uniswap accounted for 3.24% and 1.06% of the fund composition, respectively, while Grayscale continued to cut Litecoin (LTC) And Bitcoin Cash (Bitcoin cash) Shareholding.

In the previous quarter’s rebalancing, Grayscale’s portfolio included Cardano’s 4.26% HaveTo make it The third largest asset in large-cap fundsHowever, the latest adjustment makes ADA account for 5.11% of the fund.

Bitcoin (Bitcoin) And Ethereum (Ethereum) Continues to have the largest share of the GDLC cryptocurrency basket, at 62.19% and 26.08% respectively. Chanlink (LINK), Bitcoin Cash and Litecoin together account for 2.32% of the GDLC basket, that is Down In July 2021, it was 2.88%.

Grayscale did not make quarterly adjustments to its DeFi funds. Uniswap currently dominates, accounting for 45.20%, and Aave (AAVE) accounting for 14.11%.

related: Morgan Stanley doubled its exposure to Bitcoin with Grayscale stocks

As Morgan Stanley and other financial giants have more than doubled their investment in Grayscale’s single-asset product, Bitcoin Trust, Grayscale’s products continue to gain mainstream attention.

According to a report by Cointelegraph, as of July 2021, Morgan Stanley has invested a total of 58,116 shares of Grayscale Bitcoin Trust through its European Opportunity Fund, indicating that the stock has risen 105% since April.

After the company recently announced in March 2021 that it aims to provide investors with exposure to Bitcoin, it turned to active cryptocurrency investments.