Solana (SOL) and Uniswap (UNI) are performing really well these days, and the results are visible. Grayscale Investments, the famous crypto asset manager, revealed that it is including SOL and UNI recently after rebalancing Grayscale Digital Large Cap Fund (GDLC) portfolio.
The New York-based company said that it continues to reduce its holdings of Bitcoin Cash (BCH) and Litecoin (LTC) and added Solana and Uniswap, making 3.24% and 1.06% of the Fund components, respectively. The rebalancing of GDLC happens on a quarterly time period in which the company sells the portfolio’s existing components to get some funds and adds new good-performing crypto coins.
We just announced the updated fund component weightings for Grayscale Digital Large Cap Fund, which now includes #Solana ($SOL) and #Uniswap ($UNI). This is the first time SOL will be included in a Grayscale investment vehicle. Read this thread for more. (1/5)
— Grayscale (@Grayscale) October 1, 2021
In the last GDLC rebalancing, there was an addition in the portfolio by including 4.26% Cardano (ADA). After this, it gained popularity and became the third-largest asset in terms of market cap. Also, the current adjustments show ADA acquiring 5.11% space in the portfolio.
At 62.19 percent and 26.08 percent, respectively, Bitcoin (BTC) and Ethereum (ETH) still own the biggest chunk in the GDLC crypto portfolio. Chainlink (LINK), Bitcoin Cash, and Litecoin account for 2.32% of GDLC, down from 2.88% share from the July portfolio.
The increased demand of the Grayscale products
With the increased interest of financial giants and institutional investors like Morgan Stanley, Grayscale offerings are gaining immense popularity. Morgan Stanley doubled its investment in Bitcoin Trust, Grayscale’s asset offering. In July, it had invested in 58,116 Grayscale Bitcoin Trust shares showing a rise of 105% since April.
A recent announcement from March 2021, which aimed to offer investors exposure to Bitcoin. It follows the company’s move towards active crypto investment.
China’s crypto crackdown has increased the popularity of DeFi assets as most Chinese investors are attracted to them. Several DeFi projects prices have surged massively in the last few days. Grayscale has not changed its DeFi holdings, which majorly contains Uniswap at 45.20% and Aave (AAVE) at 14.11%