Grayscale, the world's largest cryptocurrency asset manager, said in a statement that it is making adjustments to its altcoin index fund starting today.
Grayscale revalues the fund's assets every quarter. The company's index funds include #Grayscale Digital Large Cap Fund, Grayscale DeFi Fund and Grayscale Non-Ethereum Smart Contract Platform Fund.
According to an official statement, Cardano (ADA) has been excluded from the fund after updating the components of Grayscale Digital Large Cap Fund. The fund now includes only #BTC , #binance , SOL, XRP and AVAX.
Additionally, no new tokens have been added to the Grayscale DeFi Fund and no tokens have been removed. The fund will continue to operate as usual. The said fund includes UNI, MKR, LDO, AAVE and SNX.
However, Grayscale has made significant changes to the Grayscale Non-Ethereum Smart Contract Platform Fund. As a result of the evaluation, the fund's altcoin basket has been restructured to no longer include the Cosmos altcoin (ATOM). Going forward, the fund will consist of the altcoins SOL, ADA, AVAX, DOT and MATIC.
The major #bitcoin movement was due to the new #Binance altcoins!
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