Grayscale, an asset management firm that has an important place in the cryptocurrency market, has reorganized its portfolios for the fourth quarter of 2024.
The company has attracted the attention of crypto investors by updating the components of popular investment funds such as AI Fund, DeFi Fund, Digital Large Cap Fund, and Smart Contract Platform Ex-Ethereum Fund.
Grayscale AI Fund added a new asset to its portfolio as a result of the changes made: Livepeer (LPT). With this update, the weights of the assets in the fund were redefined. On the other hand, on the DeFi Fund side, Synthetix (SNX) was removed from the portfolio and Curve (CRV) was added instead. Digital Large Cap Fund attracted attention by adding Cardano (ADA) instead of Avalanche (AVAX). Finally, Smart Contract Platform Ex-Ethereum Fund expanded its portfolio with the addition of Sui (SUI).
While these changes are made according to the methodologies to which each fund is affiliated, Grayscale emphasizes that it does not generate any income from these funds and regularly distributes assets for operational expenses. These updates of the company are followed carefully by investors. Especially while the weight of major projects such as Bitcoin, Ethereum, Solana, Cardano changes, newly added assets can increase market volatility.
Stay tuned for new information