The largest digital currency asset manager in the world, grayscale investments, has announced the latest release of its funds for the second quarter of 2022.
The updated fund components released by the group covered its products in the various companies it manages. These companies include Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund.
The rebalanced version of its funds is based on the CoinDesk Large Cap Select Index methodology. indicated that the group’s fund portfolio was being restructured through the sale of significant amounts of fund components currently in the portfolio.
A review of the allocation of the group’s funds after the review indicated that certain tokens no longer exist on the Digital Large Cap Fund. These include Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap
In contrast, there was no new token for the group’s Digital Large Cap Fund.
Bitcoin Dominates Grayscale Fund
Unsurprisingly, a breakdown of the Fund’s new structure indicated that Bitcoin, the world’s largest cryptocurrency by market capitalization, represents the largest percentage of the fund at over 68%.
In a distant second place is Bitcoin’s eternal rival, Ethereum at 25.22%.
Cardano, Solana and Avalanche with 2.71%, 2.23% and 0.96% respectively made up the new composition of the Fund at the end of July 7.
In a similar vein, Grayscale’s DeFi Fund’s portfolio has been given a new look. A breakdown of the new composition is as follows;
Uni-swap (UNI), 56.35%; MakerDAO (MKR), 13.49%; Aave (AAVE), 12.44%; Curve DAO Token (CRV), 7.48%; Amp (AMP), 5.52% and Compound (COMP), 4.72%
As for the portfolio of the group’s GSCPxE Fund, the rebalancing necessitated the removal of Stellar Lumens (XLM). The new composition is as follows; Cardano (ADA), 31.69%; Solana (SOL), 25.43%; Polka Dot (DOT), 13.90%; Avalanche (AVAX), 10.87%; Polygon (MATIC), 8.45%; Cosmos (ATOM), 5.29% and Algorand (ALGO), 4.37%.
As of the time of writing, the crypto industry is going through a mini-revival that Bitcoin has seen to get up to over $22,000 in the last 24 hours.