Grayscale adds Solana (SOL) and Uniswap (UNI) to fund

October 3, 2021

United-States based cryptocurrency asset manager Grayscale has added to its listed cryptocurrencies.

According to a press release from Grayscale, the firm now includes Solana (SOL) and Uniswap (UNI) tokens to its Grayscale Digital Large Cap Fund (GDLC). This comes following the quarterly rebalancing – as the firm sells components of its fund for liquid cash in order to buy better-performing cryptocurrencies. After the latest rebalancing, SOL and UNI were added and now respectively account for 3.25% and 1.06% of the fund.

As Grayscale adds SOL and UNI to its fund, the firm has cut back further on how much Litecoin (LTC) and Bitcoin Cash (BCH) it holds.

As per the announcement:

The Digital Large Cap Fund’s Fund Components were a basket of the following assets and weightings:

  • 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%”

Other altcoins Grayscale has added to its digital fund

The previous quarterly rebalancing saw Grayscale add Cardano (ADA) to its holdings, making up 4.26% of the fund – and making it the third-largest asset in the GDLC. With the newest rebalance, the firm has added more Cardano tokens to the fund, and ADA now makes up 5.11% of the fund.

Other altcoins the fund is holding includes Ethereum (ETH) with 26.08% of the fund, Chainlink (LINK), BCH and LTC account for a total of 2.32%.

Bitcoin makes up the majority of the fund still, with dominance making up over 62%.

Grayscale’s DeFi Fund

As it stands, Grayscale’s DeFi Fund is holding UNI (which is making up just over 45%) and the open-sourced AAVE (accounting for 14.11% of the fund). As per Grayscale,

[The] DeFi Fund’s Fund Components were a basket of 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%”

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