In Brief:
- Grayscale added Solana (SOL) and Uniswap (UNI) to its Digital Large Cap Fund.
- Grayscale allocated 3.24% to SOL and 1.06% to UNI.
- This is the first time Solana (SOL) will be included in a Grayscale investment vehicle.
As part of its quarterly reviews, Grayscale Investments, the world’s largest digital currency asset manager, yesterday announced the updated weightings for its Fund Component products in connection with their respective quarterly reviews.
In accordance with the construction criteria of the Digital Large Cap Fund greyscale held a sale of certain amounts of its existing fund components in proportion to their weightings, and used the proceeds to purchase Solana (SOL) and Uniswap (UNI) through its Digital Large Cap Fund.
As previously announced, Grayscale adjusted the Digital Large Cap Fund’s portfolio and purchased Cardano (ADA) in July 2021, and this is the first time Solana (SOL) will be included in a Grayscale investment vehicle.
According to the Fund Components, the Digital Large Cap Fund’s assets and weightings at the end of the day on October 1, 2021, were as follows.
- Bitcoin (BTC), 62.19%
- Ethereum (ETH), 26.08%
- Cardano (ADA), 5.11%
- Solana (SOL), 3.24%
- Uniswap (UNI), 1.06%
- Chainlink (LINK), 0.82%
- Litecoin (LTC), 0.77%
- Bitcoin Cash (BCH), 0.73%
There were no new tokens added to or removed from the DeFi Fund for the day of October 1, 2021. The Fund Components were the following assets and weightings.
- 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%
- UMA Protocol (UMA), 2.16%
There is no income generated by either Grayscale Digital Large Cap Fund or Grayscale DeFi Fund, and each regularly distributes Fund Components to cover operational expenses. As a result, the amount of Fund Components represented by shares of each fund gradually decreases with time.
