Grayscale Rebalances Crypto Investment Offers: SUSHI, SNX Out
The world’s biggest digital asset investment firm Grayscale added Polkadot (DOT), Avalanche (AVAX) and Cosmos (ATOM) to their diversified fund offerings as part of a quarterly rebalancing.
At the same time, SushiSwap (SUSHI) and Synthetix (SNX) were removed from the Decentralized Finance Fund of the investment giant.
Polkadot (DOT) and Avalanche (AVAX) are now part of Grayscale’s Digital Large Cap Fund, which is the biggest diversified fund of the firm and currently holds $451 million in assets under management.
Grayscale’s Digital Large Cap fund is further composed of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC) and Chainlink (LINK). Both Polkadot and Avalanche account for less than 2% of the large-cap fund, while Bitcoin (60.72%) and Ethereum (28.26%) keep the biggest share of it.
Accordingly, Cosmos (ATOM) complemented Grayscale’s Smart Contract Platform Ex-Ethereum Fund, which was only created last month and operates $4.5 million worth of digital assets.
The fund gives exposure to the biggest rivals of Ethereum and includes Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC), Stellar Lumen (XLM) and Algorand (ALGO). The newly added Cosmos will account for the 5.24% share of the funds, where Solana (26.27%) and Cardano (25.38%) are leading.
Meanwhile, SushiSwap (SUSHI) and Synthetix (SNX) left the lists of Grayscale’s Decentralized Finance Fund after failing to meet the required minimum level of market capitalization. They are the only tokens that Grayscale has recently removed from its diversified fund listings.
Grayscale currently operates 17 crypto-related funds that hold more than $39.4 billion AUM in total.
Read more: https://dailycoin.com/grayscale-rebalances-crypto-investments-sushi-snx-out/
Text source: DailyCoin.com
