Grayscale Investments, a crypto asset management located in New York, has added Solana’s SOL and Uniswap’s UNI tokens to its Grayscale Digital Large Cap Fund (GDLC) portfolio after revising its cryptocurrency basket.
The quarterly rebalancing of GDLC is accomplished by selling current portfolio components for cash and purchasing high-performing crypto assets. According to the changes, SOL and UNI now account for 3.24 percent and 1.06 percent of the fund’s components, respectively, while Grayscale continues to reduce its holdings of Litecoin (LTC) and Bitcoin Cash (BCH).
Grayscale’s portfolio comprised 4.26 percent of Cardano’s ADA at the previous quarterly rebalance, making it the Digital Large Cap Fund’s third-largest asset. However, the most recent revision indicates that ADA currently accounts for 5.11 percent of the fund.
Bitcoin (BTC) and Ether (ETH) continue to dominate the GDLC crypto basket, accounting for 62.19 percent and 26.08 percent, respectively. Chainlink’s LINK token, Bitcoin Cash, and Litecoin account for 2.32 percent of the GDLC basket, down from 2.88 percent in July.
Grayscale has not made any quarterly modifications to its DeFi Fund, which is now led by UNI (45.20%) and AAVE (14.11%).
Grayscale’s products continue to acquire mainstream traction, with financial behemoths like Morgan Stanley more than tripling their stake in Grayscale’s sole asset, the Grayscale Bitcoin Trust.
As previously reported by Hot Crypto News, Morgan Stanley has invested in a total of 58,116 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund as of July, representing a 105 percent increase in shares since April.
The firm’s shift toward aggressive crypto investing follows a March 2021 announcement intended at offering investors with exposure to Bitcoin.